Question $2$ of $7$

$\frac{0\mathrm{.}48}{1}$

Current Attempt in Progress

On June $10,$ Wildhorse Co$.$ purchased $$7,700$ of merchandise on account from Bridgeport Company, FOB shipping point, terms $3/10,\frac{n}{30}.$ Wildhorse Co$.$ pays the freight costs of $$510$ on June $11.$ Goods totaling $$800$ are returned to Bridgeport for credit on June $12.$ On June $19,$ Wildhorse Co$.$ pays Bridgeport Company in full, less the purchase discount. Both companies use a perpetual inventory system.

$($a$)$

Correct Answer $($Used$)$

Prepare separate entries for each transaction on the books of Wildhorse Co$.($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 $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Question $2$ of $7$

Prepare separate entries for each transaction for Bridgeport Company. The merchandise purchased by Wildhorse Co$.$ on June $10$ cost Bridgeport $$5,100,$ and the goods returned cost Bridgeport $$258.($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 $0$ for the amounts. Record journal entries in the order presented in the problem.$)$