Answer:
Explanation:
The journal entries are shown below:
1. Purchase A/c Dr $5,400
To Accounts Payable $5,400
(Being merchandise is purchased on credit)
2. Freight-In A/c Dr $500
To Cash A/c $500
(Being freight charges are paid in cash)
3. Accounts Payable A/c Dr $800
To Purchase Returns A/c $800
(Being return merchandise is recorded)
4. Cash A/c Dr $5600
To Sales revenue A/c $5600
(Being merchandise is sold for cash)
5. No journal entry required
