Selling goods Basics Ltd. is a wholesaler of durable consumer goods. Journalize the following merchandising transactions, assuming they use a perpetual inventory system. No descriptions required. Oct 6 Basics sells merchandise for $6,100 to Howard Corp., payment terms are 2/10, n/30, FOB shipping point, freight prepaid. These goods were on inventory with a value of $4,000. Oct 6 Basics prepays $220 of freight for the above sale. Oct 10 Howard returns goods from the Oct 6 shipment with an invoice value of $600. These goods had an inventory value of $500. Oct 12 Howard pays their invoice. Oct 15 Howard returns more merchandise with an invoiced value of $300 and gets a cash refund. These goods have an inventory value of $250. Date Accounts Debits Credits