Mathis Company and Reece Company use the perpetual inventory system. The following transactions oceurred during the month of Agril: 3. On April 1, Mathis purchased merchandise on account from Reece with credit terms of 2/10,n/30. The selling price of the merchandise was $3,900, and the cost of the merchandise sold was 52450 b. On Agril 1, Mathis pold freight charges of $100 cash to have the qoods delivered to its warehouse. c. On April 8, Mathis retumed $1,000 of the merchandise, which had originally cost Reece $700. d. On April 10, Mathis paid Reece the balance due. 2. Prepare the joumal entry to record the April 8 return of merchandise by Mathis. If an amount box doef not require an entry, leave it blank. April 8 (Retumed merchandise) Feedhask ncheck My Wors 3. Prepare the journal entry to record the April 10 payment to Reece. If an amount box does not require an entry, leave it blank. A (Paid accounts payable witnin aiscoums perivu)