Sep. 12: Received payment from Herman Company, less discount. Date Accounts Debit Credit Sep. 12 Cash Sales Discounts Accounts Receivable-Herman Company P5-31A (similar to) Question Help Journalize the following transactions that occurred in September 2016 for Orange Glove, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. (Record debits first, then credits. Exclude explanations from journal entries.) (Click the icon to view the transactions.) Sep. 3: Purchased merchandise inventory on account from Shield Wholesalers, $4,500. Terms 1/15, VEOM, FOB shipping point Date Accounts Debit Credit Sep 3 4,500 Merchandise Inventory Accounts Payable-Shield Wholesalers 4,500 Date Debit Sep. 4: Paid freight bill of $55 on September 3 purchase. Accounts Sep. 4 Merchandise Inventory Cash Credit Credit 55 55 Sep. 4: Purchase merchandise inventory for cash of $1,800