Prepare the journal entries to record the following purchase transactions on Sarasota Inc.s books, assuming a periodic inventory system is used. (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 0 for the amounts.)

Jan. 2		Sarasota purchased goods for $38,700 from Fundy Corp., terms n/45, FOB destination.
5		The appropriate company paid freight costs of $780.
6		Sarasota returned $5,160 of the goods purchased on January 2, because they were not needed.
11		Sarasota paid the balance owed to Fundy.