1. Prepare the journal entries to record the following purchase transactions in Carla Vista Companys books. Carla Vista uses a perpetual inventory system.

Mar. 12		Carla Vista purchased $17,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination.
13		The correct company paid freight costs of $245.
14		Carla Vista returned $3,800 of the merchandise purchased on March 12 because it was damaged.
21		Carla Vista paid the balance owing to Dalibor.

(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

2. Prepare journal entries to record the following sales transactions in Sandhill Companys books. Sandhill uses a perpetual inventory system.

Jan. 2		Sandhill sold $14,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $5,530.
4		The correct company paid freight costs of $245.
6		Xiaoyan returned $1,600 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $630, and it was restored to inventory.
Feb. 1		Sandhill received the balance due from Xiaoyan.

(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)