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Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system 13 Mar. 12 Ivanhoe purchased

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Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system 13 Mar. 12 Ivanhoe purchased $16.000 of merchandise from Dalibor Comparty, terms 2/10,6/30, FOB destination The correct company paid freight costs of $165. Ivanhoe returned $1,600 of the merchandise purchased on March 12 because it was damaged. 21 Ivanhoe paid the balance owing to Dalibor 14 Credit account titles are automatically inderted 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 Record Journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit To record burchaeon count = "Creant accounts are automaticamy naeneo wnie the amount is enterea vo normon mancany no entry is required, Seremo Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record purchase on account.) To record purchase retum To record paym on account

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