Moving to another question will save this response. Question 19 On May 10, Taffy Company purchased $35,000 of merchandise on account from Cody Company, FOB shipping point, terms 3/10, n/30. The m $20,000. Taffy pays the freight costs of $1,400 on May 11. Damaged goods totaling $1,800 are returned to Cody for credit on May 12. The fair less the purchase discount. Both companies use a perpetual inventory system. Instructions: Prepare the May 11th journal entry for Taffy Company. Dates should be keyed as Month DD. Account titles must be spelled correctly to receive credit. Amounts must be written using commas: ex. 12 Account Titles Date Debit Credit: Moving to another question will save this response. 4 36 37 38 Question 19 of 41 >>> 1 points Save Answer dise on account from Cody Company, FOB shipping point, terms 3/10, n/30. The merchandise purchased by Taffy on May 10 had cost Cody Damaged goods totaling $1,800 are returned to Cody for credit on May 12. The fair value of these goods is $900. On May 19, Taffy pays Cody in full, al inventory system. Company spelled correctly to receive credit. Amounts must be written using commas: ex. 12,000. Remember journal entries do not have dollar signs. Debit Credit hp Question 19 of 41