a. c. SE5-2. Accounting for Purchase Transactions Donna Company began operations on June 1. The follow- transactions took place in June: LO2 Purchases of merchandise on account were $750,000 b. The cost of freight to receive the inventory was $20,000. This was paid in cash. Donna returned $10,000 of the merchandise due to an ordering error. Donna received a full credit for the return. d. Donna paid the remaining balance for the merchandise. Calculate the dollar amount that Donna will have in inventory at the end of the month. Assume Donna uses the perpetual inventory system and there were no sales. SE5-3. Accounting for Purchase Transactions Use the data from SE5-2 and prepare the journal entries to LO2 record the June transactions. SE5-4. Accounting for Purchase Discounts Kurt Company purchased $5,000 of merchandise from Marilyn LO2 Company with terms of 2/10 n/40. What percent discount will Kurt Company get if it pays within the allowed discount period? If Kurt Company fails to pay within the discount period, how many days does Kurt Company have from the date of purchase before the payment is considered to be late? IMA