Hayes Jewelers had the following purchase transactions. Journalize all necessary transactions. Explanations are not required.

Jun. 20 Purchased inventory of $ 5,800 on account from Slater Diamonds, a jewelry importer. Terms were 3/15, n/45, FOB shipping point.

20 Paid freight charges, $ 400.

Jul. 4 Returned $ 800 of inventory to Slater.

14 Paid Slater Diamonds, less return.

16 Purchased inventory of $ 3,480 on account from Schmitt Diamonds, a jewelry importer. Terms were 2/10, n/EOM, FOB destination.

18 Received a $ 480 allowance from Schmitt for damaged but usable goods.

24 Paid Schmitt Diamonds, less allowance and discount.