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1. Prepare journal entries for the following transactions made by Canmore Appliances: Feb 1 Purchased...

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1. Prepare journal entries for the following transactions made by Canmore Appliances: Feb 1 Purchased $7,000 inventory on account from Middleman, Inc., terms 1/15, n 30 Feb 5 Purchased $2,000 inventory on account from Appliancemart, terms 2/10, n/30 Feb 7 Returned $1,000 of damaged inventory purchased on Feb 1 to Middleman, Inc. Feb 15 Paid amount due to Middleman, Inc. Feb 20 Purchased $5,000 inventory from The Stoveman, terms 1/10, 1/30 Mar 1 Paid amount due to Appliancemart Paid amount due to The Stoveman Mar 10

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