I need the explantion for requirement c

BROWN CO. JOURNAL DATE ACCOUNT TITLES May 20 Accounts Payable CREDIT DEBIT $8,400 Cash $8,400 DRIER CO. JOURNAL DATE ACCOUNT TITLES May 20 Cash CREDIT DEBIT $8,400 Account Receivable $8,400 Explanation: Paragraph Question 2. (B0 points) Brown Co. uses a perpetual inventory system. During May 2020, the following transactions occurred. May 5 Brown Co. purchased $10,000 of merchandise from Drier Co., terms 2/10, n/30, FOB shipping point. 8 Brown Co. paid freight costs of $1,000. Brown Co. returned to Drier Co. goods totaling $1,600 that did not meet specifications 14 Brown Co. paid Drier Co. in full less discount. 11 Required Assuming both companies use a perpetual inventory system: a) Prepare the journal entries to record the above transactions from the perspective of Brown Co. (32 points) b) Prepare the journal entries to record the same transactions from the perspective of Drier Co. For transactions on May 5 and 11, assume that the purchasing cost of merchandise for Drier Co. is 50% (or 1/2) of the selling price. (32 points) c) Explain how each of the companies would record the last transaction if payment was made on May 20 (16 points)