6/4 Cantu Company purchased $5,000 worth of merchandise, terms n/30 from Johnson Company. The cost of the merchandise was $3,600.

6/10 Cantu returned $600 worth of goods to Johnson for full credit. The goods had a cost of $432 to Johnson

6/12 Cantu paid the account in full

INSTRUCTIONS: Prepare the journal entries to record the following transactions in Cantus records and Johnsons records. Assume use of the perpetual inventory system for both companies.