Prepare the journal entries to record the following purchase transactions in Xtra Inc.'s books. Xtra uses a perpetual inventory system.

Jan. 2 Xtra purchased $15,000 of merchandise from Fundy Corp., terms 2/10, n/45, FOB destination.

5 The appropriate company paid freight costs of $300.

6 Xtra returned $2,000 of the merchandise purchased on January 2, because it was not needed.

11 Xtra paid the balance owed to Fundy.