On May 11, Gradner Company sold $30,000 of merchandise to Dionne Company, the merchandise had cost Gradner Company $22,000. Dionne Company accepted delivery on May 12, with terms 2/10, n/30, FOB Gradner Company's factory. When the goods were delivered, Dionne Company paid $300 to Express Shipping for the delivery charges on the merchandise. The next day, Dionne Company reported to Gradner that a few items were slightly dented, for which Gradner agreed to provide a credit of $1,800. On May 20, Dionne Company mailed a cheque to Gradner Company for the amount owing on that date. It was received by Gradner on May 22. Required: a) Prepare the journal entries for Dionne Company (the purchaser) who uses the PERPETUAL SYSTEM. Ignore all taxes. Omit headings and explanations. (9 marks) May 12 Inventory 30,000 Accounts payable 30,000 12 Inventory 300 Cash 300 13 Accounts payable 1,800 Inventory 1,800 20 Accounts payable (30,000 -1,800) Inventory (28,200 x 3%) 28,200 564 Cash (24,000 x 97%) 27,636 (9)