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Ivanhoe Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Cullumber Ltd . for

Ivanhoe Corp. uses a perpetual inventory system. The company had the following inventory transactions in April:
April 3 Purchased merchandise from Cullumber Ltd. for $29,680, terms n30, FOB shipping point.
6 The appropriate company paid freight costs of $742 on the merchandise purchased on April 3.
7 Purchased supplies on account for $5,300.
8 Returned merchandise to Cullumber and received a credit of $3,710. The merchandise was returned to inventory for future resale.
30 Paid the amount due to Cullumber in full.
Record the above transactions in Ivanhoe's books. (List all debit entries before credit entries. 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.
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