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(Appendix 6A) Recording Purchase Transactions Riodetto Corp. and Villanuevo, inc, use the periodic inventocy system, The following transactions occurred during the month of Apnlt a.

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(Appendix 6A) Recording Purchase Transactions Riodetto Corp. and Villanuevo, inc, use the periodic inventocy system, The following transactions occurred during the month of Apnlt a. On April 1. Rigoletto purchased merchandise on account from Villanuevo with credit terms of 2/10, n30. The selling price of the merchandise was $3,000, and the cost of the merchandise sold was $2,450. b. On Apnil 1, Rigoletto psid deivery charges of $100 cash to have the goods dehvered to its atoie ci On April 8 , Rigoletto returned $1,900 of the merchandise, which had originally cost vitianuevo $700. d. On Apni 10, figoletto paid Villanuevo the balance due. Requireds 1. Prepate thie joumal enty to tecord the Apeil 1 purchase of merchandise and puyment of freight tw Rogleto. If an amount boy does not requer an en try leaye it Blank. April 1 (Purchaved inventocy on account) Aprit 1 (Paid cash for shiphing feeb) f seathat + Ches Me wol inetincre wecourd t mare Ginck My Wusk uses ienaning. inventory account Prepare the journal entry to record the April 10 payment to villanuevo. If an amount box does not require an entry, leave it blank. 10 I fedthas F Cleck 14 Werk inventory acconst restriack T. Chode My vilaik Partielly comect

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