Current Attempt in Progress Prepare the journal entries to record the following purchase transactions...

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Accounting

Current Attempt in Progress
Prepare the journal entries to record the following purchase transactions in Riverbed Inc.'s books, assuming a periodic inventory
system is used. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order
presented in the problem.)
Jan. 2 Riverbed purchased goods for $57,600 from Fundy Corp., terms n45. FOB destination.
5 The appropriate company paid freight costs of $1,200.
6 Riverbed returned $7,680 of the goods purchased on January 2, because they were not needed.
Feb. 11 Riverbed paid the balance owed to Fundy.
Date
Account Titles and Explanation
Debit
Credit
image

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