On June 10, Pina Colada Company purchased $7.700 of merchandise on account from Novak Company. FOB shippine point. terms 2/10,n/30. Pina Colada pays the freight costs of $420 on June 11. Goods totaling $700 are returned to Novak for credit on lune 12. On June 19. Pina Colada pays Novak Company in full, less the discount. Both companies use a perpetual inventory sedtem. (a) Prepare separate entries for each transaction on the books of Pina Colada Company. (Credit account tities are autonvaticaly indented when amount is entered. Do not indent manually. If no entry is required, select "Mo Entry" for the docount bibes and enter Ofor ite amounts: Record journal entries in the order presented in the problem.) Prepare separate entries for each transaction on the books of Pina Colada Compiny (Credit account tibler are automotically indented when amount is entered, Do not indent manumly, if no entry is required, select "No Entry" for the occocnt tider and erter of for the amounts. Record journal entries in the order presented in the problem. Revised Chapter 5 Homework Question 6 of 12 June 12 June 19 eTextbook and Media eTextbook 1 eTextbook 2 Media