UTEP tml 2 John's Specialty Store uses a perpetual inventory system. The following are some inventory transactions for the month of May 2018 1 John's purchased merchandise on account for $5,400. Freight charges of $500 were paid in cash 2 John's returned some of the merchandise purchased in (). The cost of the merchandse was $800 and John's account was credted 1.66 by the supplier 3. Merchandise costing $3,000 was sold for $5,600 in cash. Prepare the necessary journal entries to record these transactions (if no entry is required for a trensaction/event, select "No journal entry required" in the first account field) Journal entry worksheet Record the merchandise purchased on account for $5,400 SPrexNexdt