Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system. Jan. 2 4 Ivanhoe purchased $20,800 of merchandise from Feng Company, terms n/30, FOB shipping point. The correct company paid freight costs of $265. Ivanhoe returned $2,200 of the merchandise purchased on January 2 because it was not needed. Ivanhoe paid the balance owing to Feng. 6 Feb. 1 (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare journal entries to record the following sales transactions in Blossom Company's books. Blossom uses a perpetual inventory system. Jan. 2 4. Blossom sold $15,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $5.925. The correct company paid freight costs of $215. Xiaoyan returned $1,100 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $430, and it was restored to inventory. Blossom received the balance due from Xiaoyan. 6 Feb. 1 (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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit =pare journal entries to record the following sales transactions in Sheridan Company's books. Sheridan uses a perpetual inventory tem. an2 4 Sheridan sold $15,000 of merchandise to Xiaoyan Company, terms n/30. FOB shipping point. The cost of the merchandise sold was $5.925. The correct company paid freight costs of $225. Xiaoyan returned $2.000 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $790. and it was restored to inventory. Sheridan received the balance due from Xiaoyan. 6 eb. 1 redit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No try for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit