Recording Sales Transoctions Mathis Company and Reece Company use the perpetual inventory system. The folowing transactions occurred during the month of Aprilf 3. On April 1, Mathis purchased merchandise on account from Reece with credit terms of 2/10,n/30, The selling price of the merchandise was $3,700, and the cos: of the merchandise sold was 52,450 . b. On Aprtt t, Mathit pald frotght charges of $100 cash to have the goods detivered to tts warelouse. c. On April 8, Mathis returned $1,000 of the merchandse, which had origially cost Reece $700. d. On Aprit 10, Mathis paid Reece the balance due. Required: Prepare the joumal entries to record these transactions on Reece's books. Assume that Reece uses the net method to record sales on account, if an amount box does not require an entry, leave it blank. 3 more Check My Work uses ramaining Prepare the journal entries to record these transactions on Reece's books. Assume that Reece uses the net method to record sales on occount. If 3 more Check My Work uses remaining