Current Attempt in Progress Swifty Ltd. and Blue Spruce Ltd. incurred the following merchandise transactions in June.. June 10 Swifty sold $5,800 of merchandise to Blue Spruce, terms n/30, FOB shipping point. The merchandise cost Swifty $3,480 when it was originally purchased. Swifty has historically experienced a return rate of 10%. 11 Freight costs of $290 were paid by the appropriate company. 12 Swifty received damaged goods returned by Blue Spruce for credit. The goods were originally sold for $580; the cost of the returned merchandise was $348. The merchandise was not returned to inventory. 19 Swifty received full payment from Blue Spruce. Swifty Ltd. and Blue Spruce Ltd. incurred the following merchandise transactions in June. June 10 11. 12 19 Swifty sold $5,800 of merchandise to Blue Spruce, terms n/30, FOB shipping point. The merchandise cost Swifty $3,480 when it was originally purchased. Swifty has historically experienced a return rate of 10%. Freight costs of $290 were paid by the appropriate company. Swifty received damaged goods returned by Blue Spruce for credit. The goods were originally sold for $580; the cost of the returneri merchandise was $348. The merchandise was not returned to inventory. Swifty received full payment from Blue Spruce. (a) Prepare journal entries for each transaction in the books of Swifty Ltd., assuming (1) a perpetual inventory system is used, and (2) a periodic inventory system is used. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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) (1) Perpetual Inventory System