Questo 2 Not complete Marked out 20,00 question Journal Entries for Purchase, Return, and Remittance-Perpetual System On May 15, the Walter Company purchased $30,000 of merchandise from the Terrell Company, with terms of 1/10, n/30 On May 17, Walter paid $400 to Swift Trucking Company for freight on the shipment. On May 20, Walter Company returned $1,200 of merchandise for credit. Final payment was made to Terrell on May 24. Walter Company records purchases using the perpetual inventory system Required Prepare the journal entries that Walter Company should make on May 15, 17, 20 and 24 General Journal Description Debit Credit Date May 15 17 20 24 Check Purchase of merchandise from Terrell Company terms 1/10/30 Paid freight on May 15 purchase Returned merchandise to Terret Company Cash Paid amount due to Terrell Company Previous Save Answers C Next A