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On June 10, Pina Colada Company purchased $7.700 of merchandise on account from Novak Company, FOB shipping point. terms 2/10,n/30. Pina Colada pays the freight

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On June 10, Pina Colada Company purchased $7.700 of merchandise on account from Novak Company, FOB shipping 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 June 12. On June 19, Pina Colada pays Novak Company in full, less the discount. Both companies use a perpetual inventory system, (a) Prepare separate entries for each transaction on the books of Pina Colada Company. (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 Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit >

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