Jun 4 Willem Corporation purchased $4,000 worth of merchandise, terms n/30 from Cate Corporation. The cost of the merchandise to Cate was $2,600. Returns are estimated at 15%. 1 10 10 Willem returned $700 worth of goods to Cate for full credit. The goods had a cost of $450 to Cate and were placed back into inventory. 19 26 Willem paid the account. Instructions Fin Tin Prepare the journal entries to record these transactions in (a) Willem's records and (b) Cate's records. Both companies use the perpetual inventory system. You are to complete the questions above on appropriate separate document(s). Acceptable formats include: word document, excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or 'drag and drop the file(s) into the upload box at the bottom of this question box. Go ! S3 111 E