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E 1 Bader Co is engaged in the trading of heavy machinery used in construction industry. It had the following transactions in the month of

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E 1 Bader Co is engaged in the trading of heavy machinery used in construction industry. It had the following transactions in the month of April. 2019. 1. On April 04, Bader Co purchases $50,000 of merchandise with credit terms of 3/15, n30 and shipping terms FOB Shipping Point from Samah Trading LLC. 2. On April 05, Bader Company purchases goods of $12,000 with a trade discount of $2,000 for cash. 3. On April 06, Bader Co returns goods worth $1,500 to Samah Trading LLC. 4. On April 10, Bader Co makes the payment to Samah Trading on April 10 towards the goods purchased on April 04. 5. On April 11, Bader Company pays Freight Charges of $300. Required: a) Pass the necessary Journal Entries in the books of Bader Co to record each of the above transactions. (6 Marks) b) Pass the necessary Journal Entries in the books of Samah Trading LLC to record each of the above transactions (4 Marks)

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