Journal Entries for Purchase, and Remittance-Perpetual System on May 15, Monique Lo2 Company purchased $40,000 of merchandise from the Terrell Company, with terms of 1/10, n/30. On Monique paid $310 to swift Trucking Company for freight on the shipment. On May 20, Monique Company returned $800 of merchandise for credit. Final payment was made to Terrell on May 24. Monique Company records purchases using the perpetual inventory system. Required Prepare the journal entries that Monique Company should make on May 15. 17, 20, and 24 LO2, Journal Entries for Merchandise Transactions on Seller's and Buyer's Books Perpetual System E5-4B. The following are selected transactions of Candello, Inc., during the month of June: June 18 Sold and shipped on account to nte Company $6,000 ($3,000 cost) of merchandise Dan with terms of 2/10, n/30 ($300 cost) 25 Dante Company returned merchandise billed at $800 on June 18 June 18 transaction. 27 Received from Dante Company a check for full settlement of the Required Inc., and (b) Dante Company. Both companies Prepare the necessary journal entries for (a) Candello, use the perpetual inventory system