The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec 3 4 Sunland Company sold merchandise to Thomas Co. for $39.000, terms 2/10, 1/30, FOB destination. This merchandise cost Sunland Company $18,000. The correct company paid freight charges of $825. Thomas Co. returned unwanted merchandise to Sunland. The returned merchandise had a sales price of $2.700 and a cost of 5990. It was restored to inventory Sunland Company received the balance due from Thomas Co. 8 13 Prepare the journal entries to record these transactions on the books of Thomas Co. (Credit account files 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 entero for the amounts. Record journal entries in the order presented in the problem.) Dale Debit Credit Account Titles and Explanation Merchandise Inventory Dec 3 39000 39000 Accounts Payable (Purchase on account.) Accounts Payable Dec. 8