E5-22 Journalizing purchase and sales transactions Learning Objectives2, 3 Journalize the following transactions for Soul Art Gift Shop. Ex- planations are not required. Feb. 3 Purchased $3,300 of merchan- dise inventory on account under terms 3/10, n/EOM and FOB shi pping point. 7 Returned $900 of defective mer- chandise purchased on Feb- ruary 3 9 Paid freight bill of $400 on Feb- ruary 3 purchase. 10 Sold merchandise inventory on account for $4,700. Payment ter ms were 2/15, n/30. These goo ds cost the company $2,350. 12 Paid amount owed on credit pur chase of February 3, less the re- turn and the discount. 28 Received cash from February 10 customer in full settlement of th eir debt. Use the following information to answer Exercises E5-23 through E5-25. The adjusted trial balance of Quality Office Systems at March 31, 2018, follows