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(Appendix GA) Recording Purchase Transactions Rugoletto Corp. and villanuevo, Inc use the penodic inventory system. The following transactions occarred during the month of Apnit: a.

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(Appendix GA) Recording Purchase Transactions Rugoletto Corp. and villanuevo, Inc use the penodic inventory system. The following transactions occarred during the month of Apnit: a. On April 1, Rigoletta purchased merchandise on account from Wilantievo with credit terms of 2/10,n/30. The selling price of the merchandise was 53,000 , and the cost of the merchandise sold was $2,450 b. On Agnil 1, Rugolento paid delivery charges of $100 cash to have the goods delivered to its store. c. On Aprit B, Rigoletto returned $1,000 of the merchandise, Which had originally cost villanuevo $700. d. On April 10, Rigoietto paid Villanuevo the balance due. Required 1. Prepare the journal entry to record the Aphil 1 purchase of merchandise and poyment of freight by Rigoletto. If an amount bor does not require an entry, leave it blank. 2. Prepare the journal entry to record the Appis b return of inerchandise. If an amount box does not requare an entry, feave it blank. Apint 8

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