Record the journal entries for the selected transactions encountered by Rainbow Inc. during February 2021. Rainbow Inc. uses a perpetual inventory system and estimates a return rate of 3% on its sales based 01-Feb Purchased merchandise on account from PaintHub Ltd at a cost of $S4000, terms 1/15, n/30, FOB shipping point 02-Feb Freight charges of $900 were paid by the appropriate party on the February 1 purchase of merchandise. (Enter n/a in each blank for this transaction if no journal entry is required). 03-Feb Returned for credit $2000 of damaged goods purchased from PaintHub Ltd. on February 1. 08-Feb Purchased supplies for $1700 cash. 10-Feb Sold the remaining merchandise pubchased from PaintHub to ColourdLife Corp. for $98000 on account, terms n/30, FOB destination. 12-Feb Freight charges of $860 were paid by the appropriate party on the February 10 purchase of merchandise. Enter n/a in each field which is not required for recording this transaction. Feb 1, Debit account: Amount: $ Credit account: Amount: $ Feb 2, Debit account: Amount: $ Credit account: Amount: $ Feb 1. Derbitan Amount: Credits: Amount: Feb 2, Debit count: amounts Amount: Credits: Fab3 Debit Amount: Credits Amount: Fab Debit mount: $ Amount: $ HITTTTTTTTTT Credit account: Amount: $ Feb 10 If you are recording two debitor two credit accounts, order them alphabetically 2) If you do not need the west second account (2) anberra Debit 11 Amount: Debit Amount: $ Credits Amount: Credits Amount: Feb 12, Debit Amount: Credits: Amount