The following transactions occurred in April and May. Both companies use a periodic inventory system.Apr. $5$Ivanhoe Company purchased merchandise from Oriole Company for $$11,800,$ terms $2/10,$ n$/30,$ FOB shipping point.Oriole had paid $$8,600$ for the merchandise$\mathrm{.}6$ The correct company paid freight costs of $$430.$Ivanhoe Company returned damaged merchandise to Oriole Company and was given a purchase allowance of $$1,500.$Oriole determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cost Oriole $$1,093.$May $4$Ivanhoe paid the amount due to Oriole Company in full.a$)$Prepare the journal entries to record these transactions on the books of Ivanhoe Company using a periodic inventory system instead of a perpetual system. $($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 $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$