Martinez Corporation, a private company following ASPE, uses a periodic inventory system. On July 1, Martinez purchased $51,000 of inventory, terms 2/10, n/30, f.o.b. shipping point. Martinez paid freight costs of $1,600. On July 3, Martinez returned damaged goods and received a credit of $5,100. On July 10, Martinez paid for the goods. Prepare all necessary journal entries for Martinez. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation (To record purchase on account) (To record freight on purchase) Debit Credit