Riverbed Corp. uses a periodic inventory system. The company had the following inventory transactions in April April 3 Purchased merchandise from Concord Ltd. for $30,500, terms 1/10, 1/30, FOB shipping point. 6 The appropriate company paid freight costs of $680 on the merchandise purchased on April 3. 7 Purchased supplies on account for $5,330. 8 Returned damaged merchandise to Concord and was given a purchase allowance of $3,600. The merchandise was repaired by Concord and returned to inventory for future resale. 30 Paid the amount due to Concord in full. 1. The cost of the merchandise sold on April 3 was $19,390. 2. The cost of the merchandise returned on April 8 was $2,500. 3. Concord uses a periodic inventory system. Record the above transactions in Riverbed's books and in the books of Concord. (Credit adwount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Riverbed Corp Date Account Titles and Explanation Debit Credit Apr. 3 Activate Windows Go to Settings to activate Windo, 6 Record the above transactions in Riverbed's books and in the books of Concord. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Riverbed Corp. Date Account Titles and Explanation Debit Credit Apr. 3 6 7 8 30 Concord Ltd Date Account Titles and Explanation Debit Credit Activate Windows Apr. 3 Debit Credit Concord Ltd. Date Account Titles and Explanation Apr. 3 6 7 8 30 I List of Accounts Assume that Riverbed paid and Concord received the balance due on April 12 instead of April 30. Prepare the journal entry to record this payment on Riverbed's books and collection on Concord's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Riverbed Corp. Debit Credit Date Account Titles and Explanation Apr. 12 Concord Ltd I Debit Credit Date Account Titles and Explanation Apr. 12 Activate Window