View Policies Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Pronghorn Inc.'s books. Pronghorn uses a perpetual inventory system. (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. Record journal entries in the order presented in the problem.) Jan. 2 Pronghorn purchased goods for $40,500 from Fundy Corp., terms n/45, FOB destination. 5 The appropriate company paid freight costs of $820. 6 Pronghorn returned $5,400 of the goods purchased on January 2, because they were not needed. Feb. 11 Pronghorn paid the balance owed to Fundy. Date Account Titles and Explanation Debit Credit