SP2019 2301-63001 Homework: Chapter 5 Homework Save Score: 0.75 of 20 pts 3 of 5 (4 complete) Hw Score: 52.92%, 52.92 of P5-34A (similar to) Question Help * Journalize the following transactions that occurred in September 2018 for Red Hawk, 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. Red Hawk estimates sales returns at the end of each month. (Record debits first then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) 1 (Click the icon to view the transactions.) Sep. 3: Purchased merchandise inventory on account from Shue Wholesalers, $4,500. Terms 2/15, nVEOM, FOB shipping point Dbt Credit Date Accounts Sep 3 Merchandise Inventory 4,500 Accounts Payable-Shue Wholesalers 4,500 Sep. 4: Paid freight bill of $55 on September 3 purchase. Date Accounts Debit Credit Freight In Cash Sep. 4 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 17 Pamaining cBook Pro