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The following transactions occured in April and May. Both companies use a periodic inventory system. April 5 Ivanhoe company purchased merchandise from Oriole company for

The following transactions occured in April and May. Both companies use a periodic inventory system.
April 5 Ivanhoe company purchased merchandise from Oriole company for $11,800, terms 2/10, n/30, FOB shipping point. Oriole had paid $7,800 for the merchandise.
APR 6 The correct company paid freight costs of $330
Apr 8 Ivanhoe company returned daamaged merchandise to Oriole company and was given a purchase allowance of $1,800. Oriole determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cost $1,190.
May 4 Ivanhoe paid the amount due to Oriole company in full.
Record the journal entries for this transaction for Ivanhoe company using a periodic inventory system.

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