Required: Prepare the journal entries (in the proper format on journal paper) for the transactions listed below. Omit explanations. 11 /1 Smith Shoes purchased $3,800 of merchandise on account, terms n /30- FOB shipping point. 11/6 Paid freight charges of $100 on the merchandise purchased on 11/1 11/8 Smith Shoes sold merchandise on account for $2,400, terms 1/10, n/30. The merchandise had an inventory cost of $1,000. Of the merchandise sold on 11/8, $800 of it was returned. The items had cost the store $300. 11/15 Smith Shoes paid for the merchandise purchased on 11/1 11/20 Smith Shoes purchased $5,000 of merchandise from its supplier on account terms 2/10, n/30. 11/22 Smith Shoes returned $320 worth of damaged merchandise purchased on 11/20 11/25 Smith Shoes received payment in full from customer of 11/8. 11/26 Smith Shoes paid for the merchandise purchased on 11/20