View Policies Riverbed $5,500, and the goods returned cost Riverbed $262. (Credit account titles are automatically indented when amount is Show Attempt History entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) On June 10, Sarasota Company purchased $7,450 of merchandise on account from Riverbed Company, FOB shipping point, terms 2/10,n/30. Sarasota pays the freight costs of $480 on June 11 . Goods totaling $650 are returned to Riverbed for credit on June 12. On June 19, Sarasota pays Riverbed Company in full, less the discount. Both companies use a perpetual inventory system. (a) Your answer is correct Prepare separate entries for each transaction on the books of Sarasota Company. (Credit account titles are automatically indented when 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.)