Journal entry worksheet \begin{tabular}{|l|l|} \hline 1 \\ Record payment made for merchandise purchased on February 1. \end{tabular} Note: Enter debits before credits. Journal entry worksheet Record the entry for placing of an order for $300,000 of merchandise in exchange of 25% trade discount to be shipped on April 1 FOB destination. Note: Enter debits before credits. Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual LO3 Joumalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Feb. 1 Purchased \$18,000 of merchandise inventory; terms 2/10,n/30. 5 Purchased for cash 59,200 of nerchandise inventory. 6 Purchased $23,000 of nerchandise inventory; teras 3/15,n/45. 9 Purchased $2,400 of office supplies; terms n/15. 10 Contacted a major supplier to place an order for $300,000 of berchandise in exchange for a 25 trade discount to ot shipped on Apri1 1 FOB destination. 11 Pald for the merchandise purchased on February 1. 24 Paid for the office supplies purchased on February 9. Mar.23 pald for the February 6 purchase. Record purchase of merchandise for $9,200 for cash. Note: Enter debits before credits. Journal entry worksheet