+ Chapter 5 Homework Question 1 of 3 - / 2.5 Prepare separate entries for each transaction on the books of Sunland. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Date June 10 Account Titles and Explanation Merchandise inventory 10,000 Accounts Payable June 11 Merchandise inventory 420 Cash June 12 300 Account payable Merchandise inventory June 19 Accounts Payable 9,700 Purchase Discounts Cash eTextbook and Media Assistance Used List of Accounts Assistance Used Prepare separate entries for each transaction for Marigold. The merchandise purchased by Sunland on June 10 had cost Marigold 4,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account + Chapter 5 Homework Question 1 of 3 - 2.5 Prepare separate entries for each transaction for Marigold. The merchandise purchased by Sunland on June 10 had cost Marigold 4,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Date June 10 Account Titles and Explanation Merchandise inventory 4,50 Cost of Goods Sold (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned) On June 10, Sunland Gifts purchased 10,000 of merchandise on account from Marigold Designs, FOB shipping point, terms 1/10,n/30. Sunland pays the freight costs of 420 on June 11. Damaged goods totaling 300 are returned to Marigold for credit on June 12. The fair value of these goods is 75. On June 19, Sunland pays Marigold in full, less the purchase discount. Both companies use a perpetual inventory system