journal entries for Purchase, Return, and Remittance Perpetual System On May 15 the Monique Company purchased 535,000 of merchandise from the Terrell Company with terms of 1/10, 1/30. On May 17, Monique paid 5360 to Swift Trucking Company for freight on the shipment on May 20, Monique Company returned 1000 of merchandise for credit. Final payment was made to Turrell on May 24, Monique Company records purchases using the perpetual entory system Angured Prepare the materies that Monique Company should make on May 15, 17,20 and 24 Credit $ 0 0 . 0 5 0