please help

8-2

John's Specialty Store uses a periodic inventory system. The following are some Inventory transactions for the month of M ay 2018: 1. John's purchased merchandise on account for $6,100. Freight charges of $850 were paid in cash. 2. John's returned some of the merchandise purchased in (). The cost of the merchandise was $1,150 and John's account was credited by the supplier 3. Merchandise costing $3,350 was sold for $6,300 in cash. Required: Prepare the necessary journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Jour entry requlred" In the first account fleld.) View transaction list 1 Record the merchandise purchased on account for $6,100 2 Record the payment of freight charges for $850. 3 Record the return of merchandise costing $1,150. 4 Record the sale of merchandise for $6,300 in cash. 5 Record the cost of goods sold for $3,350. Credit