wu/courses/251631/cl/outline Remaining Time: 58 minutes, 02 seconds. Question Completion Status: Moving to another question will save this response. Question 41 Question 1 5 points Journalize the following transactions for Park Gift Shop. Explanations are not required. Park uses a perpetual inventory system Mar. 5: Purchased $4,400 of merchandise inventory on account, 3/10, nEOM and FOB shipping point Mar. 9: Returned $700 of defective merchandise purchased on March 5 Mar. 11: Paid the freight bill of $500 on the March 5 purchase Mar, 12: Sold merchandise inventory on account for $5.200, 2/15, n/30 These goods cost the company $3.700 Mar. 14: Paid amount owed on credit purchase of March 5, less the return and the discount Mar. 30: Received cash from the March 12 customer in full settlement of the debt For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIS Paragraph 2 96 Arial 9 DO 14px 67 TH 19 k 10 0 *** 4