Regal Spas, Inc., purchased $11,800 worth of inventory from the Pool Palace on account, terms of 2/10, n/30. Some of the goods were damaged during shipment, so Regal Spas, Inc., returns $2,300 of the merchandise to the Pool Palace. Read the requirements Journalize the following transactions for Regal Spas, Inc. assuming the "net" method is utilized. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Purchase of the goods Journal Entry Accounts Debit Credit a. 11,564 Inventory Accounts payable 11,564 b. Return of the damaged goods Journal Entry Accounts Debit Credit b