On June 10,PaisCompany purchased $9,000of merchandise fromMcGiverCompany, on account, terms3/10, n/30.Paispays the freight costs of $400on June 11. Goods totaling $600are returned toMcGiverfor credit on June 12. On June 19,PaisCompany paysMcGiverCompany in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction on the books ofPaisCompany.(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.)

and then

Prepare separate entries for each transaction forMcGiverCompany. The merchandise purchased byPaison June 10 costMcGiver$5,000, and the goods returned costMcGiver$310.(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.)