View Policies Current Attempt in Progress Prepare the journal entries to record these transactions on Wildhorse Company's books. Wildhorse Company uses a periodic inventory system. 6 Feb. 5 Wildhorse purchased $13,000 of merchandise from NW Wholesale Company, terms 2/10,n/30, FOB shipping point The correct company paid freight costs of $180. 8 Wildhorse returned $1,800 of the merchandise purchased on February 5. 11 Wildhorse paid the balance due to NW Wholesale. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.)