The following transactions occurred between Kinzer Furniture and M & L Furniture Warehouse during May of the current year:

Requirements 1. Journalize these transactions on the books of Kinzer Furniture.
2. Journalize these transactions on the books of M & L Furniture Warehouse.

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May 4 Kinzer Furniture purchased $5,800 of merchandise from M & L Furniture Warehouse on account. Terms, 2/15, n/30. FOB shipping point. The goods cost M & L Furniture Warehouse $3,300. 7 Kinzer Furniture paid a $125 freight bill for delivery of the goods purchased on May 4. 10 Kinzer Furniture returned $1,400 of the merchandise purchased on May 4. The goods cost M & L Furniture Warehouse $800. 18 Kinzer Furniture paid $2,000 of the May 4 invoice less the discount. 31 Kinzer Furniture paid the remaining amount owed on the May 4 invoice.