Prepare the Journal Entries to record these transactions on the books of Ivanhoe Company using a perpetual inventory system.

Correction****Prepare seperate entries for each transactions on the books of Flint Company.

On June 10, Flint Company purchased $7,350 of merchandise on account from Culver Company, FOB shipping point, terms 3/10, n/30. Flint pays the freight costs of $500 on June 11. Goods totaling $650 are returned to Culver for credit on June 12. On June 19, Flint pays Culver Company in full, less the discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Flint Company. (Credit account titles are automatically indented when 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 7,350 7,350