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VICHY VICIC Current Attempt in Progress On June 10, Wildhorse Company sold $9,500 of merchandise to Ayayai Company, FOB shipping point, terms 2/10, n/30. The merchandise purchased by Ayayai on June 10 cost Wildhorse $5,500. Ayayai pays the freight costs of $590 on June 11. Damaged goods totaling $300 are returned to Wildhorse for credit on June 12. The fair value of these goods is $75. On June 19, Ayayai pays Wildhorse Company in full, less the purchase discount. Prepare separate entries for each transaction for Wildhorse Company for June 12 and June 19 using the perpetual inventory system. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation (To record credit granted for receipt of returned goods) -/6 = : (To record fair value of goods returned) Debit Credit SUPPORT

On June 10, Wildhorse Company sold $9.500 of merchandise to Ayayai Company. FOB shipping point, terms 2/10,n/30. The merchandise purchased by Ayayai on June 10 cost Wildhorse $5,500. Ayayai pays the freight costs of $590 on lune 11. Oamaged goods totaling $300 are returned to Wildhorse for credit on June 12 . The fair value of these goods is $75,0. June 19, Ayayai pays Widhorse Company in full, less the purchase discount. Prepare separate entries for each transaction for Widhorse Compary for June 12 and June 19 using the perpetual inventory system, (Credit occount tilles are qutomatically indented when amount is entered, Do not indent monually. If no entry is required, seliect "No. Entry for the occount titier and enter Ofor the omounts]

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