Alpha company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase and sales are, FOB Destination, 2/10, n30 and the gross method is used.

Alpha company sold on account merchandise costing $3,000 to Bravo company on May 2, 2016. Selling price was $4,500. Freight charges related to this transaction of $200 were paid by Alpha company.

Bravo company returned, the alpha company, merchandise with an original cost to Alpha of $300 on May 3, 2016. Merchandise was sold to Bravo for $450.

Use this information to create Alpha Company's General Journal entires for May 2 & 3 entries