Prepare journals entries for the following assuming that Mygoodoh Inc. uses a perpetual inventory method and records purchases at their net amounts.

Prepare journals entries for the following assuming that Mygoodoh Inc. uses a perpetual inventory method and records purchases at their net amounts. (10 points) March 31 Mygoodoh company has $6,500 as it ending inventory this amount is reported at net of cost. (hints no journal entry is necessary) April 1 Purchased merchandise from Lasten Company for $44,600 with the terms of 3/10, n 30. April 2 Returned 56,200 of the merchandise to the Lasten Company. April 4 Purchased merchandise from the Clayham Company for $21,200 with the terms of 4/10,n30. April 6 Paid the amount owed to the Lasten Company. April 12 Sold all of the merchandise on hand (for cash) for a sales price of $75,400. April 13 Returned $8,800 of the merchandise purchased from the Clayham Company. April 16 Paid the amount owed to Clayham Company in full