E5-4B On June 10, Rothlisberger Company purchased $12,000 of merchandise from Lester Prepare purchase and s Company, FOB shipping point, terms 2/10, n/30. Rothlisberger pays the freight costs of entries. $500 on June 11. Damaged goods totaling $700 are returned to Lester for credit on June 12. (Lo 2,3) The fair value of these goods is $300. On June 19, Rothlisberger pays Lester Company in full, less the purchase discount. Both companies use a perpetual inventory system. each transaction on the books of Rothlisberger Company. (b) Prepare separate entries for each transaction for Lester Company. The merchandise Instructions (a) Prepare separate entries for purchased by Rothlisberger on June 10 had cost Powell $7,200