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On June 10, Wildhorse Co. purchased $6,700 of merchandise on account from Bridgeport Company, FOB shipping point, terms 1/10, n/30. Widhorse pays the freight costs

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On June 10, Wildhorse Co. purchased $6,700 of merchandise on account from Bridgeport Company, FOB shipping point, terms 1/10, n/30. Widhorse pays the freight costs of $510 on June 11. Damaged goods totaling $500 are retumed to Bridgeport for eredit on June 12. The fair value of these goods is $80. On June 19 . Wildhorse pays Bridgeport Company in full, less the purchase discount. Both companiesuse a perpetual iiventory system. Prepare separate entries for each transaction on the books of Wildhorse Co. (Credit account tities are automotically indented when amount is entered. Do not indent monuolly. If no entry is required, select "No Entry" for the account titles and enter Of or the amounts. Record joumal entries in the order presented in the problem.) Question 1 of 3 13 eTextbook and Media List of Accounts

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