Mo's Motors had the following purchase transactions in December:

Dec. 4Purchased $5,500of merchandise on account from Engine Central, terms2/15, net 30.

7Mo returned $1,500of merchandise because he changed his mind and wanted to order a different type of engine.

16Mo paid the balance owing to Engine Central.

Prepare the journal entries to record the purchase transactions on the books of Mo's Motors using a perpetual inventory system.(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 0 for the amounts.)

repare the journal entries to record the purchase transactions on the books of Mo's Motors using a periodic inventory system.(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 0 for the amounts.)