Oriole Company purchased merchandise on account from Office Suppliers for $75,000, with terms of 1/10,n/30. . During the discount period, Oriole returned some merchandise and paid $58,311 as payment in full. Oriole uses a perpetual inventory system. Prepare the journal entries that Oriole Company made to record the: (1) purchase of merchandise. (2) return of merchandise. (3) payment on account. (Credit account titles are outomaticolly indented when the amount is entered. Do not indent manually) (Credit account titles are outomaticolly indented when the amount is entered. Do not indent monually) No. Account Titles and Explanation Debit Credit (1) Inventory Accounts Payable 75000 (2) Accounts Payable Inventory 16100 (3) Cash 58311 58311 Accounts Payable Purchase Discounts Sheffield Company sold merchandise to Moore Company on account for $82,000 with credit terms of 2/10, n /30. The cost of the merchandise sold was $64,000. During the discount period, Moore Company returned $4,800 of merchandise and paid its account in full (minus the discount) by remitting $74,884 in cash. Both companies use a perpetual inventory system. Prepare the journal entries that Sheffeld Company made to record the: (1) sale of merchandise. (2) return of merchandise. (3) collection on account. (Credit occount titles are outomaticolly indented when the amount is entered, Do not indent monually.) (Credit account titles ore automaticolly indented when the amount is entered. Do not indent manuolly) (2) (To record credit granted for returned goods) (To record cost of good returned) (3)