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8 SHOW COMPUTATIONS TO RECEIVE PARTIAL CREDIT Menke Company is a furniture retailer and uses the perpetual inventory system on January 14. Menke purchased merchandise inventory at a cost of $45,000, terms 2/10, 1/36. On January 22, Menke paid 9900 freight for this merchandise. Prepare journal entries to record each of the following transactions that relate to the January 14 purchase. a (2 points) On January 16, Menke received a price adjustment, reducing the cost of the inventory by $200 b. (3 points) The accounts payable for the merchandise purchase was settled (paid) on January 21. C. (4 points) Menke sold the inventory on account for $80,000 on January 22 (2 point bonus) Record the accounts payable payment made by Menke under the assumption that it was made January 30 rather than January 22