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CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 5-4 On June 10, Wildhorse Co. purchased 56,700 of merchandise on account from Bridgeport Company, FOB shipping point terms 1/10, 1/30. Wildhorse Co. pays the freight costs of $510 on June 11. Damnaged goods totaling $500 are returned to Bridgeport for credit on June 12. The fair value of these goods is $80. On June 19, Wildhorse Co. pays Bridgeport Company in Full, less the purchase discount. Both companies use a perpetual Inventory system. Prepare separate entries for each transaction on the books of Wildhorse Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ir no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the arder presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 Accounts Receivable 6,700 Sales Revenue 6.700 June 11 June 12 June 19 ts PRINTER VERSION NEXT Prepare separate entries for each transaction for Bridgeport Company. The merchandise purchased by Wildhorse Co. on June 10 had cost ridgeport 55,100. (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 o for the amounts. Record Journal entries in the order presented in the problem.) BACK Date Account Titles and Explanation Debit Credit (To record credit) dy (To record cost of merchandise sold) (to record merchandise returned) To record cost of merchandise returned) June 19