Rose Corporation and Volatility Company engaged in the following merchandise transaction during June. June 2 June 3 June 4 Rose purchased merchandise from Volatility for $6.500 under the following terms: 2/15, n45, FOB shipping point. The cost of the merchandise to Volatility was $4,225. The company that paid for shipping paid Allied Trucking Corporation $364 for shipping charges on the June 2 purchase. The terms were FOB shipping point as stated above. Rose returned unacceptable merchandise from the June 2 purchase to Volatility for credit on account. The returned merchandise had an invoice price of $950 and a cost to Volatility of $520. June 15 Rose sent a check to Volatility for the balance due on the June 2 purchase. Rose who is the buyer uses a periodic inventory system, while Volatility who is the seller uses a perpetual inventory system. The entry that Rose must make on June 15th is: Cash a. Sales Discount Accounts Receivable Cash b. Accounts Receivable: Accounts Payable Purchase Discount Cash 5,439 111 5,550 5,550 5,550 5,550 111 5,439 Accounts Payable 5,550 Merchandise Inventory d. Cash 111 5,439 Cash e. Merchandise Inventory Accounts Receivable 5,439 111 5,550