pls answer this

Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system a. May 2: Ludwig Inc.'s merchandise that cost $6,080 was sold to Southgate Inc. for $7,600 under credit terms of 2/15, n/60,FOB shipping point. b. May 23: Southgate Inc. received a $3,400 credit memorandum from Ludwig Inc. acknowledging the return of defective merchandise. c. May 28: Southgate Inc. paid Ludwig Inc. the balance due. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/J ). Please use the ' + ' and '-' buttons to change the number of accounts (if necessary) for each journal entry. a) Southgate Inc. b) Ludwig Inc. Question 4 [50 points] The work sheet for Courtland Corp. is shown below