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Problem IV: On May 1, 2020 Fauci Company purchased $40,000 of merchandise, terms 2/10, n/30 FOB shipping point from Birx Corporation. As an accommodation to

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Problem IV: On May 1, 2020 Fauci Company purchased $40,000 of merchandise, terms 2/10, n/30 FOB shipping point from Birx Corporation. As an accommodation to Fauci, Birx added the shipping charges of $400 and that amount onto Fauci's invoice. On May 9th Fauci returned $4,000 of merchandise and paid Birx the balance due. REQUIRED: Make the journal entries for Fauci for both May 1 and May 9

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