Score: 0 of 20 pts 1 of 5 (0 complete) HW Score: 0%, 0 of 100 pts EF5-24 (similar to) Question Help Calming Creations Gift Shop uses a perpetual inventory system. Journalize the following transactions for Calming Creations Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $2,500 of merchandise inventory on account under terms 2/10, NEOM and FOB shipping point from Sharon's Creations. Date Accounts Debit Credit Feb.3 es ti Question 1 ca R Choose from any list or enter any number in the input fields and then click Check Answer. 2,500 of mercha i More Info Creat Purchased $2,500 of merchandise inventory on account under terms Feb. 3 2/10, n/EOM and FOB shipping point from Sharon's Creations. Feb. 7 Returned $700 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $500 on February 3 purchase. Sold merchandise inventory on account for $4,100 to Teak Meadow. Feb. 10 Payment terms were 3/15, n/30. These goods cost the company $2,050. Paid amount owed on credit purchase of February 3, less the return and Feb. 12 the discount. Question #1 leceived cash from Teak Meadow in full settlement of their debt. Print Done