Boucher Corporation uses the perpetual inventory system. Its transactions during June 2015 are as follows:
June 1 Boucher purchased $1,200 of merchandize inventory from a supplier for terms 1/10, n 60.
3 Boucher sold all of the inventory purchased on June 1 for $1,500 on credit to Wright Inc. for terms 2/10, net 30.
8 Wright returned $800 of defective merchandize purchased June 3 (cost to Boucher: $600).
13 Boucher received payment from Wright Inc. for the balance owed.
Required: Prepare journal entries to record the above transactions. Include general ledger account numbers and brief descriptions.