Required: Prepare the necessary journal entries to record these transactions. (If no entry is required for a transaction/event, select " entry required" in the first account field.) No Answer is complete but not entirely correct. General Journal Purchases Accounts payable Transaction 1a Credit Debit 6,100 1 6,100 1b 850 N Freight-in Cash 850 3 02 1,150 Accounts payable Supplies 1,150 4 3a 6,300 Cash Sales revenue 6,300 5 3b 6,300 3,350 Cash Cost of goods sold Sales revenue Inventory 6,300 X 3,350 John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May: 1. John's purchased merchandise on account for $6,100. Freight charges of $850 were paid in cash. 2. John's returned some of the merchandise purchased in (1). The cost of the merchandise was $1,150 and John's account was credited by the supplier. 3. Merchandise costing $3,350 was sold for $6,300 in cash