une 10 Culver sold $4,500 of merchandise to Pronghorn, terms n/30, FOB shipping point. The merchandise cost Culver $2,700 when it was originally purchased. Culver has historically experienced a return rate of 10%. 11 Freight costs of $225 were paid by the appropriate company. 12 Culver received damaged goods returned by Pronghorn for credit. The goods were originally sold for $450; the cost of the returned merchandise was $270. The merchandise was not returned to inventory. 19 Culver received full payment from Pronghorn. Prepare journal entries for each transaction in the books of Culver Ltd., assuming (1) a perpetual inventory system is used, and (2) a periodic inventory system is used. (List all debit entries before credit entries. 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 O for the amounts.)