Question: Problem (34 points) Treats, Inc. is a Chicago candy store that imports chocolate for International suppliers and sells those goods to Chicago consumers. For each

Problem (34 points) Treats, Inc. is a Chicago candy store that imports chocolate for International suppliers and sells those goods to Chicago consumers. For each of the followine transactions made the tournal entry or entries that Treats would make under PERPETUAL versus PERIODIC inventory system. There are extra rows in the tables. TREATS'S JOURNAL ENTRIES RELATED TO PURCHASING CHOCOLATE On Feb. 3. Treats ordered $100,000 worth of dark chocolate from a Belgian chocolatieron credit. The terms of the purchase were 2/10, 1/30. The chocolatier shipped the chocolate (FOB shipping point) to Treats on Feb. 4. The chocolate arrived on Feb. 5. That day, Treats paid Fedex $4,000 for the cost of shipping the chocolate Perpetual Journal Entries Periodic Journal Entries On Feb. 10, Treats returned $10,000 worth of the chocolate. Perpetual Journal Entries Periodic Journal Entries On Feb. 18, Treats paid the amount it owed related to this prior purchase. Perpetual Journal Entries Periodic Journal Entries

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