Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It doesn Exercise 5-5 Recording journal entries for merchandise sales transactions-perpetual LO3 Journalize each of the following transactions assuming a perpetual Inventory system. Feb. 1 Sold merchandise with a cost of $1,500 for $2,100; terms 2/10, n/30, FOB destination. 2 Paid $225 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product; it was returned to inventory. 4 Sold merchandise to a customer for $3,8ee (cost of sales $2,289); terms 2/10, n/30, FOB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,200 (cost of sales $720). 28 The customer of February 4 paid the amount owing. Answer is not complete. General Journal No Date Debit Credit 1 Feb. 01 2,100 Accounts receivable O Sales 2,100 2 Feb. 01 1,500 Cost of goods sold Merchandise inventory 1,500 225 3 Feb. 02 Delivery expense or freight-out Cash > > 225 Prey 1 of 1 BE LER Next 225 3 Feb. 02 Delivery expense or freight-out Cash 225 4 Feb. 03 1,050 Sales returns and allowances Accounts receivable 1,050 5 Feb. 03 No Transaction Recorded 6 Feb. 04 Accounts receivable 3,800 Sales 3,800 7 Feb. 04 2,280 Cost of goods sold Merchandise inventory 2,280 8 Feb. 11 Cash 1,029 Sales discounts > >> 21 Accounts receivable 1,050 9 Feb. 23 1,200 Cash Sales 1,200 to search o 6 Feb. 04 Accounts receivable 3,800 >$ Sales 3,800 7 Feb. 04 2.280 Cost of goods sold Merchandise inventory 2.280 >> >> 8 Feb. 11 Cash 1,029 Sales discounts 21 Accounts receivable 1,050 9 Feb. 23 1,200 Cash Sales 1,200 10 Feb. 23 720 Cost of goods sold Merchandise inventory 720 11 Feb. 28 Cash 3,800 Accounts receivable 3,800 BE