At the beginning of June 2024, Bridgeport Distributing Company's ledger showed Cash $17,000, Merchandise Inventory $4,100, and D. Bridgeport, Capital $21,100. During the month of June, the company had the following selected transactions: June 1 Purchased $9,000 of merchandise inventory from Sun Supply Co., terms 1/15, n/30, FOB destination. 2 5 6 The correct company paid $220 cash for freight charges on the June 1 purchase. Sold merchandise inventory to Moose Jaw Retailers for $12,000. The cost of the merchandise was $7,400 and the terms were 2/10, n/30, FOB destination. Issued a $750 credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $463 and was returned to inventory. 6 The correct company paid $280 freight on the June 5 sale. 7 Purchased $850 of supplies for cash. 10 Purchased $4,250 of merchandise inventory from Fey Wholesalers, terms 2/10, n/30, FOB shipping point. 10 10 12 The correct company paid $150 freight costs on the purchase from Fey Wholesalers. Received a $300 credit from Fey Wholesalers for returned merchandise. 14 Paid Sun Supply Co. the amount due. 15 Collected the balance owing from Moose Jaw Retailers. 19 Sold merchandise for $7,100 cash. The cost of this merchandise was $4,700. 222 20 25 30 30 Paid Fey Wholesalers the balance owing from the June 10 purchase. Made a $530 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $351. The merchandise was damaged and could not be resold. Sold merchandise to Bauer & Company for $4,500, terms r/30, FOB shipping point. Bridgeport's cost for this merchandise was $2,600. (a) Record the transactions assuming Bridgeport uses a perpetual inventory system and the earnings approach. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date June 1 June 2 Account Titles and Explanation Debit Credit June 5 June 5 June 6 (To record sales on account.) (To record cost of goods sold.) C June 6 June 6 v June 7 v (To record cost of goods returned.) (To record cash payment for freight costs.) June 7 June 10 v June 10 (To record purchase on account.) (To record cash payment of freight.) June 12 June 14 June 15 v June 15 v June 19 June 19 (To record cash sale.) F June 20 June 25 June 25 v (To record sales on account.) C June 30 (To record cost of goods sold.)