are not al necessary transactions in the oner they are presented in the ransaction it (Record debts first then creda. Exclude explanations bom ournal ertres Rund numten to he nearest who Jun. 20 Date Debit Credit Jun. 20 MoreInfo Accounts Payable Accounts Receivable jewelry importer. Tems were 315, n/45, FOB shipping point 20 Paid freight charges, $400 14 Paid Siater 16 Purchased inventory of $3,480 on account from Schmitt Diamonds, a Jul 4 Retumed $800 of inventory to Slater. DateDelivery Expense Debit Credit less return. Freight In Jun. 20 Terms were 2/10, nVEOM, FOB destination. jewery importer 18 Received a $480 allowance from Schmitt for damaged but usable 24 Purchase Retuns and Allowanoes Jul. Print Done Sales Revenue