Machock Av Queston on test Study for test Example Problem from Chapter 5 Journalize the following transactions for both companies. Buyer Company engages in the following transactions Oct 1 Buys $10,000 of merchandise from Seller, terms 2/10, n/30 Oct 3 Pays $250 freight charges for above merchandise Oct 5 Returns $750 of the merchandise because it is the wrong color Oct 10Pays balance due to Seller Date a creat Account Titles and Explanation Ref Debit Credit