The following transactions occurred between King Pharmaceuticals and Potvin & Monn's Drug Store during January of the curent year. Both companies use the perpetual inventory system (Click the icon to view the transactions.) Required Joumaize these transactions, first on the books of Potvin & Morin Drug Store and second on the books of King Pharmaceuticals CILES First, let's prepare the entries for Potvin & Morin Drug Stores January 6. Potvin & Morin purchased $62,000 of merchandise from King on credit terms of 1/10,30, FOB shipping point Separately, Potvin & Morin paid a $2.200 bill for freight in King invoiced Potvin & Mories for $62.000 (these goods cost King $37,200) Record the January 6 purchase on account. We will record each element of this transaction separately (Record debits first, then credits. Explanations are not required.) Date Jan Journal Entry Accounts Debit Credit