Question 37 10 points Prepare the journal entries to record the following merchandising transactions of Karta Company, which applies the perpetua Wartory yam Fob 1 Purchased merchandise from Waiter's Company for $3,750 under credit terms of 1/10,30, FOB shoping point involdated vol1 3 Returned $250 in merchandise to Water's Company from the Feb 1 purchase 4 Sold merchandise that cost $2,225 for $4,350 cash 5 Pald $125 cash for freight charges on the merchandise inventory purchase from Water's Company on Feb 1, 9 Sold merchandise to kyle Co., for $4,300 under credit terms of 2/10, 1/60, FOB shipping point, invoice dated Feb 5. The merchandise originally cost $2,900 Paid the balance due to Water's Company within the discount period, less the return on Feb 3. 3 Received the balance due from Kyle Co, for the invoice dated Feb 9. net of discount. D X Remaining Time: 1 hour, 57 minutes, 24 seconds Question completion Status 2 32 8 9 10 11 12 13 14 7 35 36 37 15 16 17 18 19 21 23 20 29 10 31 33 34 9 Paid the balance due to Water's Company within the discount period, los rum on Feb3 19 Received the balance duo from Kyle Co for the invoice dated Feb 3. net of discount General Journal Debi Croda Dato Fob 1 3 Hour, 57 minutes, 10 seconds. Question Completion Status: 2 3 4 9 10 11 12 13 14 15 16 17 16 19 20 21 22 5 35 23 24 6 36 7 37 8 38 31 32 39 33 34 5 6 9 19