Prepare the journal entries to record the following purchase transactions in Ivanhoe Companys books. Ivanhoe uses a perpetual inventory system.

Jan. 2		Ivanhoe purchased $20,400 of merchandise from Feng Company, terms n/30, FOB shipping point.
4		The correct company paid freight costs of $225.
6		Ivanhoe returned $2,000 of the merchandise purchased on January 2 because it was not needed.
Feb. 1		Ivanhoe paid the balance owing to Feng.