BE5.6 (LO 2) (Record purchase transactions.) Prepare the journal entries to record the following purchase transactions in Xtra Inc.'s books. Xtra uses a perpetual inventory systent Jan. 2 Xtra purchased goods for $45,000 from Fundy Corp., terms n/45, FOB destination. 5 The appropriate company paid freight costs of $900. 6 Xtra returned $6,000 of the goods purchased on January 2 because they were not needed. Xtra paid the balance owed to Fundy. Feb. 11

BE5.6 (LO 2) (Record purchase transactions.) Prepare the journal entries to record the following purchase transactions in Xtra Inc.'s books. Xtra uses a perpetual inventory systent. Jan. 2 Xtra purchased goods for $45,000 from Fundy Corp., terms n/45, FOB destination. 5 The appropriate company paid freight costs of $900. 6 Xtra returned $6,000 of the goods purchased on January 2 because they were not needed. Feb. 11 Xtra paid the balance owed to Fundy