Transactions follow for Leeland Company during October and November of the current year. Leeland uses a perpetual inventory system. Oct. 2 Purchased merchandise on account from Gregory Company at a cost of S35,000, terms 2/10, n/30, FOB destination. 4 The correct company paid freight charges of S900 to Rail Company for shipping the merchandise purchased on October 2 5 Returned damaged goods having a gross invoice cost of S6,000 to Gregory Company. Received a credit for this 11 Paid Gregory Company the balance owing for the October 2 purchase 17 Sold the remaining merchandise purchased from Gregory Company to Kurji Company for $62,500, terms 2/10, n/30, FOB shipping point. 18 The correct company paid Intermodal Co. S800 freight costs for the October 17 sale 19 Issued Kurji Company a sales allowance of $2,500 because some of the goods did not meet Kurji's exact specifications. 27 Received the balance owing from Kurji Company for the October 17 sale Nov. 1 Purchased merchandise on account from Romeo Company at a cost of $60,000, terms 1/15, n/30, FOB shipping point. 2 The correct company paid freight charges of $4,000 5 Sold the merchandise purchased from Romeo Company to Bear Company for $110,500, terms 2/10, n/30, FOB destination. 6 The correct company paid freight charges of $2,600 7 Issued Bear Company a credit of $7,000 for returned goods. These goods had cost Leeland $4,050 and were returned to inventory. 29 Received a cheque from Bear Company for the balance owing on the November 5 sale 30 Paid Romeo Company the amount owing on the November 1 purchase Instructions Prepare journal entries to record the above transactions for Leeland Company