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BE5-4 Record purchase transactions-perpetual system. (LO 2) AP Prepare the journal entries to record the following purchase transactions in Xiaoyan Company's books. Xiaoyan uses a perpetual inventory system. Jan. 2 Xiaoyan purchased $20,000 of merchandise from Feng Company, terms n/30, FOB shipping point. 4 . The correct company paid freight costs of $215. 6 Xiaoyan returned $1,500 of the merchandise purchased on January 2 because it was not needed. Feb. 1 Xiaoyan paid the balance owing to Feng. BE5-5 Record purchase transactions with a purchase discount-perpetual system. (LO 2) AP Prepare the journal entries to record the following purchase transactions in Jarek Company's books. Jarek uses a perpetual inventory system. Mar. 12 Jarek purchased $25,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination. 13 The correct company paid freight costs of $265. 14 Jarek returned $2,000 of the merchandise purchased on March 12 because it was damaged. 21 Jarek paid the balance owing to Dalibor