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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,

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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 net amount. Round all numbers to the nearest whole dollar.) i (Click the icon to view the transactions.) Feb. 3: Purchased $2,700 of inventory on account under terms 2/10, n/EOM and FOB shipping point. Date Accounts Debit Credit Transactions - X Feb. 3 Feb. 3 Purchased $2,700 of inventory on account under terms 2/10, n/EOM and FOB shipping point 7 Returned $300 of defective merchandise purchased on February 3. 9 Paid freight bill of $200 on February 3 purchase. Feb. 7: Returned $300 of defective merchandise purchased on February 3. 10 Sold inventory on account for $4,600. Payment terms were 2/15, n/30. Date Accounts Debit Credit These goods cost the company $2,300. 12 Paid amount owed on credit purchase of February 3, less the return Feb. 7 and the discount. 28 Received cash from February 10 from the customer in full payment of their account. Feb. 9: Paid freight bill of $200 on February 3 purchase. Print Done Date Accounts Debit Credit EasyMail Jon Gmail Feb. 9 Flipflipkart IGE romoGtyisty las fatin Checkedwrotethatis Choose from any list or enter any number in the input fields and then continue to the next question. Time Ren dresses resorts Buy 17:23 28"C AQI 49 ~ 4 ENG O Hi N 9 21-08-202 O Type here to search

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