Flint Corp. uses a periodic inventory system. The company had the following inventory transactions in April:

April	3		Purchased merchandise from Pina Colada Ltd. for $27,200, terms n/30, FOB shipping point.
	6		The appropriate company paid freight costs of $710 on the merchandise purchased on April 3.
	7		Purchased supplies on account for $4,940.
	8		Returned damaged merchandise to Pina Colada received a credit of $3,200. The merchandise was returned to inventory for future resale.
	30		Paid the amount due to Pina Colada in full.

1.		The cost of the merchandise sold on April 3 was $18,280. Pina Colada expected a return rate of 15%.
2.		The cost of the merchandise returned on April 8 was $2,400.
3.		Pina Colada uses a perpetual inventory system.

Record the above transactions in Flints books and in the books of Pina Colada. Both companies use the periodic inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Please do it for both!!!