June 4 12 12 Black Company purchased $9,000 worth of merchandise, terms n/30 from Hayes Company. The cost of the merchandise was $6,300. Black returned $500 worth of goods to Hayes for full credit. The goods had a cost of $350 to Hayes Black paid the account in full Assume use of the perpetual inventory system for both companies. Prepare the journal entries to record these transactions in Black's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit 12 SHOW LIST OF ACCOUNTS Prepare the journal entries to record these transactions in Hayes' books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit