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The following transactions occurred in April and May. Both companies use a...

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Accounting

The following transactions occurred in April and May. Both companies use a periodic inventory system.
Apr. 5 Sheridan Company purchased merchandise from Sunland Company for $12,100, terms 2/10, n/30, FOB shipping point.
Sunland had paid $8,800 for the merchandise.
6 The correct company paid freight costs of $330.
8 Sheridan Company returned damaged merchandise to Sunland Company and was given a purchase allowance of $1,800.
Sunland determined the merchandise could not be repaired and sent it to the recyclers. The merchandise had cost
Sunland $1,309.
May 4 Sheridan paid the amount due to Sunland Company in full.
Prepare the journal entries to record these transactions on the books of sunland company using a periodic inventory system instead of a perpetual system
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