Journal Entries for Merchandise Transactions on Seller's and Buyer's Books-Perpetual System Riggs Distributing Company had the following transactions with Arlington, Inc, during the month of November: Nov. 10 Riggs sold and shipped $12,000 worth of merchandise ($10,200 cost) to Arlington, terms 2/10, 1/30. 12 Arlington, Inc. paid freight charges on the shipment from Riggs Company, $320. 14 Riggs received $600 of merchandise returned by Arlington (5420 cost) from the November 10 sale. 19 Riggs received payment in full for the net amount due on the November 10 sale. 24 Arlington, Inc. returned goods that had originally been billed at $600 (5410 cost). Riggs issued a check for $588 Required Prepare the necessary Journal entries (a) on the books of Riggs Distributing Company and (b) on the books of Arlington, Inc. Assume that both companies use the perpetual Inventory system Sellers journal entries Buyer's journal entries Credit 0 12,000 O 10.200 RIGGS DISTRIBUTING COMPANY GENERAL JOURNAL Date Description Debit Nov. 10 Accounts Receivable . 12.000 . 0 Sold goods to Arlington, Inc. terms 2/10,30 10 Cost of Goods Sold 10.200 Inventory 0 Cost of toods sold to Arlington, Inc 10 Sales Returns and Allowances . 600 Accounts Receivable . 0 or credit memoto Arlington, Inc. for returned goods. 14 Irwentory 420 Cost of Goods Sold 0 Cost of goods returned by Antoine 19 Cash 11.172 Sales Discounts 228 Accounts Receivable . Rechedayment in from Antonine 24 Sales Returns and Allows . 600 Salounts O Cain 0 0 600 O 420 0 0 11,400 0 58 wenty Con of Good Sond Cortured Art 410 0 0 410 ARLINGTON, INC. GENERAL JOURNAL Description Date Debit Credit Nov. 10 $ 0 $ 0 0 0 Purchase goods from Riggs Distributing Company terms 2/10,n/30. 12 0 0 . 0 0 Paid freight charges on Riggs Company shipment. 14 > 0 0 0 0 Received credit memo for goods returned to Riggs Company 19 0 0 Cash Paid Riggs Company in full. 0 0 0 0 24 0 0 0 0 Received check for goods returned to Riggs Distributing Company Please answer all parts of the