5.Thorsten Company, a trendy clothing retailer, had the following transactions in March:

March 2 Purchased merchandise from Sabine Company under the following terms: $1,800 invoice price, 2/15, n/60, FOB factory. (The cost of the merchandise to Sabine Company was $990.)

March 3 Paid UBS Shipping $125 for shipping charges on the purchase of March 2.

March 4 Returned to Sabine Company unacceptable merchandise that had an invoice price of $300 (and a cost to Sabine of $165). Sabine returned the merchandise to inventory.

March 17 Sent a cheque to Sabine Company for the March 2 purchase, net of the discount and the returned merchandise.

Required Assuming both Thorsten and Sabine use a perpetual inventory system:

a. Present the journal entries Thorsten Company should record for these transactions.

b. Present the journal entries Sabine Company should record for these transactions.