Cornerstone Exercise 6-29 (Algorithmic) Recording Purchase Transactions (Append) For Methis Company and Resca Company, the following transactions ocurred during the month of Apr 2. On April 1. Mathis Company purchased merchandise an account from leece Company with creditors2/10, 1/30. The waiting price or se marchandise was 41,900 and the contema marchandise sold RS 52.450 b. on April 1. Mathepaid freight charges of $100 can to have the god delivered to towaru On April, Mathis returned 51,000 of the merchandise which had original cost $700. d. On April 10, Mathie pad Reece the balance de Assume that this uses a periodic inventory system Required 1. Prepare the journal entry to record the Apk 1 pre marchandise and payment of freight by Mats Company Apr1 (Purchased Inventory count) Apr (Paid cash for shipping fees) 2. Prepare the journal entry to record the April turn of marchandise Apr Returned merchandise 3. Prepare the journal entry to record the April 10 payment to Recce Company If an amount box controlire an entry, leave it thank April 10 (Recorded payment within the count period