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 110, 1/30. On May 17. Monique paid $360 to Swift Trucking Company for freight on the shipment On May 20, Monique Company returned $1000 of merchandise for credit. Finalment was made to Terrel on May 24 Monique Company recor purchases using the perpetual inventory system Required Prepare the journal entries that Monique Company should make on May 15.17.20 and 24