Exercise 5-17 (similar to) Journalize, without explanations, the following transactions of River Valley Auto Parts, a distributor that uses the periodic inventory system, during the month of June 2020 Jun. 3 Purchased $30,000 of inventory under terms of 1/10, n/eom, and FOB shipping point 7 Returned $3,200 of defective merchandise purchased on June 3. 9 Paid freight bill of $350 on June 3 purchase. 10 Sold inventory for $40,000 collecting cash of $5,000. Payment terms on the remainder were 3/15, n/30. 12 Paid amount owed on credit purchase of June 3. 16 Granted a sales allowance of $2,000 on the June 10 sale. 23 Received cash from the June 10 customer in full settlement of the debt.