Need help on part B

2.45/3 Your answer is partially correct. Prepare separate entries for each transaction for Oriole Company. The merchandise purchased by Sage Hill on June 10 cost Orole $3.560, and the goods retumed cost Oriole $200.00 no entry is required, select "No entry for the account titles and entero 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 Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold Inventory (To record cost of goods sold) No Entry June 11 No Entry June 12 V Sales Returns and Allowance Accounts Receivable (To record credit sale) Inventory Cost of Goods Sold (To record cost of goods returned) June 19 Sales Discounts Accounts Receivable On June 10, Sage Hill Company purchased 56,400 of merchandise from Oriole Company, on account, terms 2/10, 1/30. Sage Hill pays the freight costs of $370 on June 11. Goods totaline 5500 are returned to Oriole for credit on June 12. On June 19, Sage Hill Company pays Oriole Company in full, less the purchase discount. Both companies use a perpetual inventory system fa Your Antwer Correct Answer Your answer is partially correct Prepare separate entries for each transaction on the books of age Hill Company Of no entry is required, select "No Entry for the account titles and enter 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 ite Debit Credit Account Titles and Explanation Inventory 10 6400 100 11 Inventory 270 370 12 Accounts Payable Inwestory 500 19 Accounts 5000 Inventory 23 Cah