Prepare the journal entries to record the following purchase transactions in Monty Inc's books. Monty uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Jan. 2 Monty purchased goods for $43,200 from Fundy Corp. terms n/45, FOB destination. The appropriate company paid freight costs of $880. Monty returned $5,760 of the goods purchased on January 2, because they were not needed. Monty paid the balance owed to Fundy. 5 6 11 Date Account Titles and Explanation Debit Credit