Prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system a. June 11. Weber Inc's merchandise that cost $680 was sold to Benson Inc for $800 under credit terms of 2/15, ni90, FOB shipping point. b. June 12. Benson Inc. requested a price reduction on the June 11 sale because the merchandise did not meet specifications. Weber Inc: sent Benson Inc: a credit memorandum for $400 to resolve the issue c. C June 20. Benson Inc. paid Weber Inc the balance due. Enter the transaction letter as the description when entering the transactions in the journal.