Prepare the journal entries to record the following purchase transactions on Flounder Inc.s books, assuming a periodic inventory system is used. (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. Round answers to the nearest whole dollar, e.g. 5,275.)

Jan. 2		Flounder purchased goods for $48,400 from Fundy Corp., terms 2/10, n/45, FOB destination.
5		The appropriate company paid freight costs of $700.
6		Flounder returned $5,600 of the goods purchased on January 2, because they were not needed.
11		Flounder paid the balance owed to Fundy.