Record the Q&M Merchandising Inc.'s transactions in its general journal. July 2 Purchased $20,000 of merchandise on account, terms 2/10, n/30, FOB destination. Description Debit Credit Date July 2 July 3 Paid $400 for the delivery of the goods purchased. Description Debit Credit Date July 3 July 4 Returned merchandise purchased on July 3 for credit, $2,000 Description Debit Credit Date July 4 July 5 Paid $100 for the delivery of the goods returned on July 4. Description Debit Credit Date July 5 July 6 Sold merchandise on credit for $30,000 (cost $18,000), terms 3/15, n/45, FOB shipping point Description Debit Credit Date July 6 July 8 Paid $500 for shipping charges on merchandise sold on July 6. Description Debit Credit Date July 8