D E F G H K M N o P Q R S Task 1: During the year, HHEC.com purchases and sells inventory, however, Sophia HHEC is unsure of the proper way to record these transactions. She therefore gives you a list of transactions and asks you to show her how to properly record (journalize) the HAPPY HOME purchase and sale of inventory under a perpetual inventory system. 1 2 3 During the month of January Year 3, HHEC.Com completed the following merchandising transactions. Environmental Cleaning Purchased merchandise on account from Riverhilll. Com $21,000, terms 2/10, n/30. Sold Merchandise on account for $4,200, terms 1/10,n30. The cost of the merchanse sold was $2,600. Received credit from Riverhill.com for merchandise returned $600. Received collections in full, less discounts from customers billed on sales of $4,200 on January 5. Paid Riverhill.com in less discount Purchased merchandise for cash $2,800 Sold merchandise for cash $6,400. The merchandise sold cost $4,000 Sold merchandise on account $2,000 n/30. The cost of the merchanise sold was $1,120. 5 January 1 6 January 5 7 January 9 8 January 12 9 January 20 10 January 22 11 January 28 12 January 30 13 14 Answer: 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Unit 2-Challenge 4-Task 1 +