Problem 6-2 Journalize merchandise transactions on both buyer's and seller's books (L.O. 1,3,4) Mars Musical Instrument Company and Tiger Company engaged in the following transactions with each other during July 2018: Mars Musical Instrument Company purchased merchandise on account with a list price of $54,000 from Tiger Company. The terms were 3/EOM, n/60, FOB shipping point, freight collect. Trade discounts of 15%, 10%, and 5% were The buyer paid the freight bill on the purchase of July 2, $1,250 The buyer returned damaged merchandise with an invoice price of $2,800 to the seller and received full credit. July 2 granted by Tiger Company 5 6 On the last day of the discount period, the buyer paid the seller for the merchandise. Required Prepare all the necessary journal entries for the buyer and the seller