Question: Hello, Can I please get some help for these entries? thank you Peaceful Place Gift Shop uses a perpetual inventory system. Journalize the following tmnsactions

Hello, Can I please get some help for these entries?

thank you

Hello, Can I please get some help for these entries? thank you

Peaceful Place Gift Shop uses a perpetual inventory system. Journalize the following tmnsactions for Peaceful Place Gift Shop. Explanations are not required. (Record debits rst, then credit. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) 0 (Click the icon to view the transactions.) Feb. 3: Purchased $3,200 of inventory on account under terms 3/10, n/EOM and FOB shipping point. 0 Transactions 3 Purchased $3,200 of inventory on account under terms 3/10, n/EOM and FOB shipping point. 7 Retumed $700 of defective merchandise purchased on February 3. 9 Paid freight bill of $200 on February 3 purchase. 10 Sold inventory on account for $4,000. Payment terms were 3/15, n/30, Feb. 7: Returned $700 of defective merchandise purchased on February 3. Date Accounts Debit Credit These goods cost the company $2,000. " 12 Paid amount owed on credit purchase of February 3, less the retum 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 Febmary 3 purchase. Pm\" Date Accounts L Debit Credit Feb. 9

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