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Prepare the journal entries to record the following purchase transactions in Sunland Company's books. Sunland uses a perpetual inventory system. Mar. 12 13 14 21 gress Date (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 O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Mar. 12 Sunland purchased $16,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination. The correct company paid freight costs of $235. Sunland returned $2,200 of the merchandise purchased on March 12 because it was damaged. Sunland paid the balance owing to Dalibor. Account Titles Merchandise Inventory Debit 16000 Credit

Prepare the journal entries to record the following purchase transactions in Sunland Company's books. Sunland uses a perpetual inventory system. Mar. 12 Sunland purchased $16.000 of merchandise from Dalibor Company, terms 2/10,n/30,FOB destination. 13 The correct company paid freight costs of $235. 14 Sunland returned $2,200 of the merchandise purchased on March 12 because it was damaged. 21 Sunland paid the balance owing to Dalibor: (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. List all debit entries before credit entries.)

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