Can you show the steps

Chapter 5 Accounting for Merchandising Operations erpetual S o2,3 E5-4A. Journal Entries for Merchandise Transactions on Seller's and Buyer's Books-Perpetuat tem The following are selected transactions for Lamont, Inc, during the month of June: June 21 Sold and shipped on account to Lowery Company. $3,000 ($2,000 cost) of t 28 30 with terms of 2/10, n/30. Lowery Company returned defective merchandise billed at S300 on June 21 ($210 son Received from Lowery Company a check for full settlement of the June 21 transation. Required Prepare the necessary journal entries for (a) Lamont, Inc., and (b) Lowery Company. Both companie use the perpetual inventory system