LOUI Question 4 of 5 0.5/1 E WIN On June 10, Pais Company purchased $9,000 of merchandise from McGiver Company,terms 3/10, 1/30. Pais Company pays the freight costs of $400 on June 11. Goods totaling $600 are returned to McGlver Company for credit on June 12 On June 19. Pais Company pays McGiver Company in full, less the purchase discount. Both companies use a perpetual inventory system Part 1 Your ans is correct Prepare separate entries for each transaction on the books of Pais Company. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Inwentary Debit Credit June 10 2000 Accounts Payable June 113 Inventory 900 C June 123 Accounts Payable 00 June 19 Accounts Payable 1400 C e Textbook and Media W Ps MacBook Pro 80 000 Question 4 of 5 0.5/1 III * Your answer is incorrect. Prepare separate entries for each transaction for McGiver Company. The merchandise purchased by McGiver Company on June 10 cost McGlver $5,000, and the goods returned cost McGiver Company $310. (If no entry is required sclect "No entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of goods sold) (To record credit sale) (To record cost of goods returned) June 19 37403 W O Ps MacBook Pro DO