Question: Based on the information below, journalize the entries for the Buyer. The seller uses a perpetual inventory system. (a) Seller sells Buyer on account merchandise

Based on the information below, journalize the entries for the Buyer. The seller uses a perpetual inventory system. (a) Seller sells Buyer on account merchandise costing $245 for $645, terms 2/10, nct 30, FOB destination. The freight charge is $45. (b) Buyer returns as defective S145 worth of the $645 merchandise received. The seller's cost is $70 (e) Buyer pays within the discount period

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