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(CSick the icon to viow the ramactions) (1) (Clok the icon to were the transactiona...

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Accounting

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(CSick the icon to viow the ramactions) (1) (Clok the icon to were the transactiona ? Peacehul Palace Gin Shop uses a peipetual inventory system Joumalize the following transactions for Peacetul Palace Gin Shop. Explanatons are not required (Record debits first, then credits E explanations froco joumal entiles. Assume the company recordo sabs at the net amount Round atl numbers to the nearest whole dolar) (i) (Click the icon to wiow the fransactions) Feb. 3. Purchased $2.800 of merchandse invensory on account under terms 1/10, NEOM and FOB stipping point from Saly's Narket. More info Feb. 3 Purchased $2.800 of morchandise inventory en account undor terme the nREM and FOE shipging point from Sally's Maket Feb. 7 Returned $800 of delective menchandise puichased on February 3 Feb, 9 Pand frelght bill of $600 oc February 3 purchese. Feb. 10 . Fold merchandise imventery on acceunt for 54,000 bo The Modation. Paynoot lerms wore 3/15,n/30. These goods cosi the company $2.000 Feb. 12 Paid amount owed en coedz gurchase of Fobruary 3 , kess then retum and the discount Feb. 23 Fecelved cash vom Tene Medaution in full sattement of thed debt

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