$($Appendix $6$A$)$ Recording Purchase Transactions

Mathis Company and Reece Company use the periodic inventory system. The following transactions occurred during the month of April:

b$.$ On April $1,$ Mathis paid freight charges of $$100$ cash to have the goods delivered to its warehouse.

c$.$ On April $8,$ Mathis returned $$1,000$ of the merchandise, which had originally cost Reece $$700.$

d$.$ On April $10,$ Mathis paid Reece the balance due.

Required:

Prepare the journal entry to record the April $1$ purchase of merchandise and payment of freight by Mathis. If an amount box does not require an entry, leave it blank.

April $1$

$($Purchased inventory on account$)$

April $1\frac{\text{T}\text{r}\text{a}\text{n}\text{s}\text{p}\text{o}\text{r}\text{t}\text{a}\text{t}\text{i}\text{o}\text{n}-In}{}$

$($Paid cash for shipping fees$)$

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$2.$ Prepare the journal entry to record the April $8$ return of merchandise. If an amount box does not require an entry, leave it blank.

April $8$