Assume the following transactions occurred between Johnson & Johnson (J&J), the healthcare products company, and CVS Drugstores, during February of the current year: Feb. 6 Johnson & Johnson sold $8,000 worth of merchandise to CVS on terms of 2/10 n/30, FOB shipping point. J&J prepaid freight charges of $500 and included this amount in the invoice total. (J&J's entry to record the freight payment debits Accounts Receivable and credits Cash.) These goods cost J&J $6.100. 10 CVS returned $900 of the merchandise purchased on February 6. J&J accounted for the $900 sales return and placed the goods back in inventory (cost, $590). 15 CVS paid $3.000 of the invoice amount owed to J&J for the February 6 purchase. less the discount. This payment included none of the freight charge. 27 CVS paid the remaining amount owed to 1&1 for the February 6 purchase. Required Journalize these transactions, first on the books of CVS and second on the books of Johnson & Johnson.