1 of 1 (1 complete) s Question: 20 pts ppose Frozen Air Conditioner Company engaged in the following transactions during June of the current year (Click the icon to view the transactions.) quirement umalize the transactions. Assume Frozen uses a perpetual inventory system. The company estimates sales returns at t the last line of the journal entry table. Assume the company uses the net amount to record sales.) n. 3: Purchased inventory on account with credit terms of 3/10, n/EOM, $2,200. Date Accounts and Explanation Debit Credit un. 3 More Into Jun. 3 Purchased inventory on account with credit terms of 3/10, n/EOM, $2,200. 9 Returned 30% of the inventory purchased on June 3. It was defective. 12 Sold goods for cash, $980 (cost, $588) 15 Purchased goods for $13,000 on account. Credit terms were 4/15, n/30. 16 Paid a $250 freight bill on goods purchased 17 Sold inventory for $2.,500 cash (cost, $2.250). 18 Sold inventory for $2.200 on account with credit terms of 5/10, n/30 (cost, $1.320) 22 Received returned goods from the customer of the June 17 sale, $1,300 (cost, $780) 24 Paid supplier for goods purchased on June 15. 28 Received cash in full settlement of the un. 9: Jun. 9 account from the customer who purchased inventory on June 18 Paid the amount owed on account from the purchase of June 3 Jun. 12 Begin by 29 30 The company ostimated that $500 of merchandise sold will be returned with a cost of $320. will do tha Print Done MacBook Air 80