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round numbers to the nearest We g Objective 2 E5-20 Journalizing purchase transactions Howie wic Jewelers had the following purchase transactions Journalize all necessary h inv $64 CR actions, Explanations are not required. Jun. 20 Purchased inventory of $5,100 on account from Sanders Diamonds, a jewelry importer. Terms were 2/15, n/45, FOB shipping point. 20 Paid freight charges, $400 Jul. 4 Returned $600 of inventory to Sanders 14 Paid Sanders Diamonds, less return. 16 Purchased inventory of $3,500 on account from Southboro Diamonds, a jewelry importer. Terms were 2/10, VEOM, FOB destination I8 Received a $300 allowance from Southboro Diamonds for damaged but usable goods Paid Southboro Diamonds, less allowance and discount. 24