3. The following merchandise transactions occurred in December. Both companies use a perpetual Inventory System Record purchase and sales transactions and determine merchandise inventory--perpetual system Dec.) 4 Jun Company sold merchandise to Valeriya o for $33,000, terms 2/10, 1/30. FOB destination. This merchandise costun Company $15,000 The correct company paid freight changes of $330. 13 Valeria Co. returned unwanted merchandise to Jun. The returned merchandise had a sales price of $1,300 and a cost of $930. It was restored to inventory Instructions Jun Company received the balance due from Valeriya Co a. Prepare the journal entries to record these transactions on the books of lun Company Prepare the journal entries to record these transactions on the books of Valeriya Co. Assuming that Valeria Co. had a balance in Merchandise inventory on December 10f $4,000, determine the balance in the Merchandise Inventory account at the end of December for Valeriya Co. Hint- Use a Tee a/c and post all of your l/E's and add it up to total your answer Inv 0 ooooo