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Prepare the journal entries to record the following purchase transactions in Ayayai Inc's books. Ayayai uses a perpetual inventory system. (Credit account titles are automatically

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Prepare the journal entries to record the following purchase transactions in Ayayai Inc's books. Ayayai uses a perpetual inventory system. (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. Round answers to the nearest whole dollar,e-g.5,275) Jan. 2 Ayayai purchased goods for $48,400 from Fundy Corp, terms 2/10, n/45, FOB destination. 5 The appropriate company paid freight costs of $1,100. 6 Ayayai returned $6,600 of the goods purchased on January 2, because they were not needed 11 Ayayai paid the balance owed to Fundy Date Account Titles and Explanation Debit Credit Jan. 2

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