Recording Journal Entries for Purchases and Purchase Discounts Using a Perpetual Inventory System $[$LO$6-3]$

During the months of January and February, Axen Corporation purchased goods from three suppliers. The sequence of events was as follows:

Jan. $6$ Purchased goods for $$1,200$ from Green with terms $2/10,$ n$/30$

$6$ Purchased goods from Munoz for $$900$ with terms $2/10,$ n$/30$

$14$ Paid Green in full

Feb. $2$ Paid Munoz in full

$28$ Purchased goods for $$350$ from Reynolds with terms $2/10,$ n$/45$

Required:

Using the above information, prepare journal entries to record the transactions, assuming Axen uses a perpetual inventory system. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$