SE 5. Record in T account form each of the following transactions assuming the p

SE 5. Record in T account form each of the following transactions assuming the perpetual inventory system is used:Aug. 2 Purchased merchandise on credit from Indio Company invoice dated August 1 terms n/10 FOB shipping point $1150.3 Received bill from Lee Shipping Company for transportation costs on August 2 shipment invoice dated August 1 terms n/30 $105.7 Returned damaged merchandise received from Indio Company on August 2 for credit $180.10 Paid in full the amount due to Indio Company for the purchase of August 2 part of which was returned on August 7.