View Policies Current Attempt in Progress The following transactions occurred in April and May. Both companies use a periodic Inventory system Apr. 5 6 8 Oriole Company purchased merchandise from DeVito Company for $ 12, 200, terms 2/10, 1/30. FOB shipping point, DeVito had paid $ 7.600 for the merchandise. The correct company paid freight costs of $ 340, Oriole Company returned damaged merchandise to DiVito Company and was given a purchase allowance of $ 1.700 Devito determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cost DeVito $ 1,059. Oriole paid the amount due to DeVito Company intull May 4 (a) Prepare the journal entries to record these transactions on the books of Oriole Company. (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 for the amounts. Record journal entries in the order presented in the problem Debit Credit Date Account Titles and Explanation ENG 80 2151 2021. 10:30 Question 8 of 9 -/1 tay Prepare the journal entries to record these transactions on the books of Oriole Company. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit | (Purchase on account) (To record cash payment of freight) Date Account Titles and Explanation Debit Credit Purchase on account | (To record cash payment of treicht (To record purchase return) Payment on account 21 INO o BI Type here to search