10 pts uestion 22 Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred. May 10 Purchased 10 motors on credit, at a price of $28 each from, Massive Motors Inc., terms 3/10, n/30. May 11 Paid shipping costs of $20 ($2ea) to FedEx to have the motors delivered (FOB Shipping) May 13 Sold 8 of the motors at a sales price of $50 each to Scruffy Brothers Supply Company, terms 2/10, n/30. May 16 One defective motor was returned to Charlie (assume zero scrap value). May 20 Received payment in full from Scruffy Brothers. Round to nearest dollar. May 30 Made payment in full to Massive Motors Inc. Instructions Journalize the May transactions for Charlie Company, assuming that Charlie uses a perpetual inventory system. You may omit explanations. Round amounts to nearest dollar. HTML Editor