(Appendix) Recording Purchase Transactions}

Refer to the information for Jeet Company in Cornerstone Exercise 6-18 above and assume that Jeet uses a periodic inventory system.

\section*{Required:}
1. Prepare the journal entry to record the April 1 purchase of merchandise and payment of freight by Jeet.
2. Prepare the journal entry to record the April 8 return of merchandise.
3. Prepare the journal entry to record the April 10 payment to Reece.
OBJECTIVE \section*{Cornerstone Exercise