Exercise 5-4 (Part level Submission) On June 10, Tuzun Company purchased $8,850of merchandise from Epps Company, FOB shipping point, terms2/10, n/30. Tuzun pays the freight costs of $480on June 11. Damaged goods totaling $400are returned to Epps for credit on June 12. The fair value of these goods is $230. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system. Warning Don't show me this message again for the assignment Ok Cancel

(a) Prepare separate entries for each transaction on the books of Tuzun Company. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
June 10June 11June 12June 19res_EAT_1356326717214_0_008152485672270005_002	Inventory	8,850
Accounts Payable		8,850
June 10June 11June 12June 19res_EAT_1356326717214_0_008152485672270005_020	Inventory	480
cash		480
June 10June 11June 12June 19res_EAT_1356326717214_0_008152485672270005_038	Accounts Payable
Inventory
June 10June 11June 12June 19res_EAT_1356326717214_0_008152485672270005_056	Accounts Payable
Cash
Inventory

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(b) The parts of this question must be completed in order. This part will be available when you complete the part above.

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