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

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

> Alpha Company purchased on account $2,700 of merchandise from Bravo Company on May 2, 2016.

> Alpha Company returned, to Bravo Company, $200 of this merchandise on May 3, 2016.

> Freight charges related to this transaction of $150 were paid by Bravo Company.

Use this information to prepare Company's General Journal entry (without explanation) for the payment for merchandise on May 15.

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