Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system. a. October 5: Velor Inc.'s merchandise was sold to Oppong Corporation for $8,300 under credit terms of 2/10,n/30, FOB shipping point. The cost of the merchandise was $7,055. b. October 13: Oppong Corporation paid Velor Inc. the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). Please use the ' + ' and '-'buttons to change the number of accounts (if necessary) for each journal entry. a) Oppong Corporation b) Velor Inc