Exercise 5-8 Prepare the journal entries to record the following purchase transactions in Wildhorse Company's boos

 Exercise 5-8 Prepare the journal entries to record the following purchase transactions in Wildhorse Company's boos. We uses a perpetual inventory Mar. 12 13 Wildhorse purchased 523,000 of merchandise from Dailbor Company, terms 7/10,30, FOB destination The correct company and freight costs of 5195 Widhorse returned $1.500 of the merchandise purchased on Much 12 because was damaged Wildhore paid the balance owing to Dalibor 14 21 (Credit account bites are automatically indented when the amount is entered. Do not inden manly. I no enty is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.)