Mos Motors had the following purchase transactions in December:

Dec.

4 purchased $12,900 of merchandise on account from Engine Central, terms 4/15, net 30.

7 Mo returned $1,400 of merchandise because he changed his mind and wanted to order a different type of engine.

16 Mo paid the balance owing to Engine Central.

Mo's Motors had the following purchase transactions in December: Dec. 4 Purchased $12,900 of merchandise on account from Engine Central, terms 4/15, net 30. 7 Mo returned $1,400 of merchandise because he changed his mind and wanted to order a different type of engine. 16 Mo paid the balance owing to Engine Central. Your answer is partially correct. Try again. Prepare the journal entries to record the purchase transactions on the books of Mo's Motors using a perpetual inventory system. ( automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 4 Merchandise Inventory 12900 12900 Dec. 7 1400 Merchandise Inventory 1400 Dec. 16 11500 Cash 460