ACCT 1010 Spring 2022 Final Test Extra Page Morgan's Organs, who uses a perpetual inventory system, had the following transactions during the year. Feb 1 / sold merchandise to Peter Piper with a cost of $ 1500 for $2, 100: terms 2/10, 1/30, FOB destination. B 2 /Paid $225 to ship the merchandise sold on February 1. 3 Peter Piper ( February 1 Purchase ) retwined half of the amount purchased. The good were returned to inventory. 4 sold merchandise to viola string for $ 3, 800 with terms of 2/10, 1/30, FOB destination , The cost of the merchandise was $ 2280 . 11 collected the balance owing from Peter Piper, Required : Prepare the journal entries for each of Morgan's Organ's transaction (42 Marks )