Question 8 3 Points Prepare the necessary journal entries on the books of ABC Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations): (a) ABC Compny purchased $45,000 of merchandise on account, terms 2/10, n/30. (b) Returned $4,000 of damaged merchandise for credit. (c) Paid for the merchandise purchased within 10 days Use the editor to format your