CALOBATO FULL SCREEN PRINTER VERSBON Exercise 5-4 On June 10, Wildhorse Company purchased $7,000 of merchandise from Sandhill Company, terms 3/10, n/30. Wildhorse Company pays the freight costs of $430 on June 11. Goods totaling $300 are returned to Sandhill Company for credit on June 12. On June 19, Wildhorse Company pays Sandhill Company in full, less the purchase discount. Both companies use a perpetual inventory system. BACK NEXT Your answer is partially correct. Try again. Prepare separate entries for each transaction on the books of Wildhorse Company, (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered, Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 Inventory 7000 Accounts Payable 7000 June 11 Inventory 430 430 Cash Accounts Payable June 12 300 300 Inventory 629 PM