PRINT VERSION BACK URCES ME NEXT Brief Exercise 55 your answer is partially correct. Try again Prepare the journal entries to record the following purchase transactions in Sunland Company's books, Sunland uses a perpetual inventory system Mar. 12 Sunland purchased $16,000 of merchandise from Dalibor Company, terms 2/10, 1/30, POB destination 13 The correct company pod freight costs of $235. 14 Sunland returned $2,200 of the merchandise purchased on March 12 because it was damaged 21 Suland paid the balance owing to Dalibor (Credit account titles are automatically indeviled when the amount is entered the mot indent manually. If no entry is required select "Naryfor the accountles and enter for the amounts Record journal entries in the order presented in the pr.) Date Account Tides and Explanation Deba Credit Mar 12 Merchandise Inventory D 16000 Accounts Payable 16000 Mar. 13 Merchandise rentary 235 Mar 14ccounts Payable 2200