OS THIS CORRECT????

lAT&T LTE 11:55 PM 151% description |may 5 merchandise inventory a/e .To accounts payable a/c (amount = 6000 *(1-0.02)+100 >5,880+100>5,980) debit credti date 5,980 5,980 may 12 accounts payable a/e 2,450 2,450 .To merchandise inventory (amount 2500 (1-0.02 discount)->2,450) may 14 accounts payable a/c 3,530 To cash a/c 3,530 (amount 5980-2450->3530) nate: Date: Class: IILAccounting 13. Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30 Prepaid freight costs of $100 were added to the invoice Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5. 12 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12 and discount