On June 10, Carla Vista Company purchased $8,000 of merchandise on account from Flint Company, FOB shipping point, terms 1/10, 1/30. Carla Vista pays the freight costs of $550 on June 11. Goods totaling $ 400 are returned to Flint for credit on June 12. On June 19. Carla Vista pays Flint Company in fullless the discount. Both companies use a perpetual inventory system. (a) Your answer is correct. Prepare separate entries for each transaction on the books of Carla Vista Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry for the . " account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Inventory 3000 Accounts Payable 8000 Inventory 550 Cash 550 Accounts Payable 400 Inventory 400 Accounts Payable 7,600 Cash 7,524 Inventory 76 eTextbook and Media List of Accounts Attempts: 3 of 5 used (b) Prepare separate entries for each transaction for Flint Company. The merchandise purchased by Carla Vista on June 10 cost Flint $4,600, and the goods returned cost Flint $190. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit June 10 IE (To record credit sale) June 11 (To record cost of merchandise sold) June 12 IE IE (To record merchandise returned) June 19 (To record cost of merchandise returned) June 19