Current Attempt in Progress On June 10, Metlock Company purchased $7.400 of merchandise from Ivanhoe Company, on account, terms 3/10, 1/30. Metlock pays the freight costs of $400 on June 11. Goods totaling $700 are returned to Ivanhoe for credit on June 12. On June 19, Metlock Company pays Ivanhoe Company in full, less the purchase discount. Both companies use a perpetual inventory system 7.25 / 15.27 TIT Question Part Score 7.25/7.25 (b) Prepare separate entries for each transaction for Ivanhoe Company. The merchandise purchased by Metlock on June 10 cost Ivanhoe $2,220, and the goods returned cost Ivanhoe $260. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit June 10 Credit U (To record credit sale) C Ad Ou ACCE enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not in nually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Crec June 10 : (To record credit sale) (To record cost of goods sold) June 11 June 12 (To record credit sale) (To record cost of goods returned) June 192