Zen World Gift Shop uses a perpetual inventory system. Journalize the following transactions for Zen World Gift Shop.

Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal entries. Assume the

company records sales at the gross amount. Round all numbers to the nearest whole dollar.$)$

iew the transactions Transactions

Feb. $3$ Purchased $$3,500$ of merchandise inventory on account under terms

$1/10,$ n$/$EOM and FOB shipping point from Clover Fields.

Feb. $7$ Returned $$1,000$ of defective merchandise purchased on February $3.$

Feb. $9$ Paid freight bill of $$150$ on February $3$ purchase.

Feb. $10$ Sold merchandise inventory on account for $$4,900$ to

Nitya Meditation Place. Payment terms were $\frac{3}{15},\frac{n}{30}.$ These goods

cost the company $$2,450.$

Feb. $12$ Paid amount owed on credit purchase of February $3,$ less the return and

the discount.

Feb. $16$ Granted a sales allowance of $$600$ on the February $10$ sale.

Feb. $23$ Received cash from Nitya Meditation Place in full settlement of their debt,

less the allowance and the discount$\mathrm{.}3$

Purchased $ $3$ comma $500$ of merchandise inventory on account under terms $1/10,$n$/$EOM and FOB shipping point from Clover Fields.

Feb. $7$

Returned $ $1$ comma $000$ of defective merchandise purchased on February $3.$

Feb. $9$

Paid freight bill of $ $150$ on February $3$ purchase.

Feb. $10$

Sold merchandise inventory on account for $ $4$ comma $900$ to Nitya Meditation Place. Payment terms were $3/15,$n$/30.$ These goods cost the company $ $2$ comma $450.$

Feb. $12$

Paid amount owed on credit purchase of February $3,$ less the return and the discount.

Feb. $16$

Granted a sales allowance of $ $600$ on the February $10$ sale.

Feb. $23$

Received cash from Nitya Meditation Place in full settlement of their$$ debt, less the allowance and the discount.