Mting for Merchandising Operations E5-3 18 each. September 1, Boylan office supply had an inventory of 30 calculators at a co company ing transactions occurred Purchased with cash 80 calculators at each from Guthrie. 9 $80 purchased from Guthrie Co. 10 freight of on calculators Returned 3 to Guthrie Co. for $63 credit (including freight) 12 because they did not meet specifications calculators costing freight for $31 each to Lee Book Store, terms n/30. was credit of $31 to Lee Book store for the return of one calculator that not ordered. 20 sold 30 orrs Card Shop, terms n/30. calculators costing $21 for $32 each to Instructions Journalize the September transactions. E5-4 On June 10 Tuzun Company purchased $8,000 of merchandise from Epps Company B shipping point, terms 2/1 n130. pays the freight costs of $400 on June 11 Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $7o. On June Tuzun pays Company in full, less the purchase discount Both companies use a perpetual inventory system. Instructions (a) Prepare separate entries for each transaction on the books of un Company. b) Prepare separate entries for each transaction for Epps Company. merchandis The purchased by luzun on June 10 had cost Epps $4,800