Prepare journal entries to record the transactions. Mars Musical Instrument Company and Tiger Company engaged in the following trans- actions with each other during July 2018: 2 Mars Musical Instrument Company purchased merchandise on account with a list price of $54,000 from Tiger Company. The terms were 3/EOM, n/60, FOB shipping point, freight collect. Trade discounts of 15%, 10%, and 5% were granted by Tiger Company The buyer paid the freight bill on the purchase of July 2, $1,250. The buyer returned damaged merchandise with an invoice price of $2,800 to the seller and received full credit. July 6 On the last day of the discount period, the buyer paid the seller for the merchandise