Adams Retail Company sells Office Supplies at retail. Baker Wholesalers, Inc is a supplier of office products. J.R. Jones is an independent business person. Transactions: 1-Jun Adams purchases 1,000 units from Baker at $5.00 per units Terms of the purchase are 2/10, Net 30 with an Invoice date of June 1st. Baker's cost for the merchandise is $4.00 per unit. 9-Jun Adams pays Baker for the merchandise. 11-Jun Adams sells 100 units of office supplies to J. R. Jones on account. The office supplies were sold at $6.00 per unit with terms of 2/10, Net 30. Jones picked up the merchandier at Adam's location. 12-Jun Jones returns 10 units to Adams due to being the wrong size for his use. Adams issues him a credit for those units. The units are still usable so Adams returns them to inventory. 19-Jun J. R. Jones pays his outstanding bill to Adams. Adams Retail Company General Journal Account Title Baker Wholesalers, Inc. General Journal Account Title PR Debit Credit Date PR Debit Credit Date 6/1 J. R. Jones General Journal