Prepare the necessary journal entries on the books of Pina Colada Company to record the following transactions, assuming a perpetual inventory system: (a) Pina purchased $61,740 of merchandise on account, terms 2/10, n/30. (b) Returned $5,040 of damaged merchandise for credit. (c) Paid for the merchandise purchased within 10 days. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) (b) (c)