Journalizing periodic transactions

Assume that the following transactions occurred between Brighton Medical Supply and a Best drug store during April of the current year.

Apr 6

Best purchased $5,800 of merchandise from Brighton Medical Supply on credit terms of 2/10, n/30, FOB shipping point. Separately, Best paid freight in of $150.

10

Best returned $900 of the merchandise to Brighton.

15

Best paid $2,900 of the invoice amount owed to Brighton for the April 6 purchase, less the discount.

27

Best paid the remaining amount owed to Brighton for the April 6 purchase.

Requirement

1. Journalize these transactions, first on the books of the Best drug store and second on the books of Brighton Medical Supply. Use the periodic inventory system.