On June 10, Carla Vista Company purchased $7,900 of merchandise from Wildhorse Company, terms 4/10, n/30. Carla Vista Company pays the freight costs of $390 on June 11. Goods totaling $600 are returned to Wildhorse Company for credit on June 12. On June 19, Carla Vista Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system.

1- Prepare separate entries for each transaction on the books of Carla Vista Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Prepare separate entries for each transaction on the books of Carla Vista Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

2- Prepare separate entries for each transaction for Wildhorse Company. The merchandise purchased by Carla Vista Company on June 10 cost Wildhorse Company $2,620, and the goods returned cost Wildhorse Company $200. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)