Question 18 3.33 pts Curtis Corporation and Appoline Company engaged in the following merchandise transaction during the month of September September Curtis purchased merchandise from Appoline for $6,500 under the following terms: 2/15, n/45, FOB shipping point. The cost of the merchandise to Appoline was $4,225. September The company that paid for shipping paid Allied Trucking Corporation 12 $364 for shipping charges on the September 5 purchase. The terms were FOB shipping point as stated above. September Curtis returned unacceptable merchandise from the September 5 15 purchase to Appoline for credit on account. The returned merchandise had an invoice price of $800 and a cost to Appoline of $520. September Curtis discovers some merchandise has minor damage but decides to keep it because Appoline offers a $750 price reduction. 17 September Curtis sent a check to Appoline for the balance due on the September 5 purchase. 19 Curtis Company, who is the buyer, uses a perpetual inventory system. What journal entry would Curtis record on September 19th taking into consideration all prior transactions? September Curtis sent a check to Appoline for the balance due on the September 19 Spurchase Curtis Company, who is the buyer, uses a perpetual inventory system. What journal entry would Curtis record on September 19th taking into consideration all prior transactions? a. Accounts Payable 4,950 Cash 4950 b. Accounts Payable 4,950 Purchase Discount 99 Cash 4,851 c. Cash 4,950 Accounts Receivable 4,950 d. Cash 4851 99 Sales Discount 4,950 Accounts Receivable 4,950 e Accounts Payable Merchandise Inventory 99 4,851 Cash C d. a. e. b