Flint Ltd. and Pina Colada Ltd. incurred the following merchandise transactions in June.

June	10		Flint sold $4,600 of merchandise to Pina Colada, terms 1/10, n/30, FOB shipping point. The merchandise cost Duvall $2,760 when it was originally purchased.
	11		Freight costs of $210 were paid by the appropriate company.
	12		Flint received damaged goods returned by Pina Colada for credit. The goods were originally sold for $300; the cost of the returned merchandise was $180. The merchandise was not returned to inventory.
	19		Flint received full payment from Pina Colada.

Prepare journal entries for each transaction in the books of Flint Ltd., assuming (1) a perpetual inventory system is used, and (2) a periodic inventory system is used. (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. Round answers to the nearest whole dollar, e.g. 5,275.) (1) Perpetual Inventory System Debit Credit Date Account Titles and Explanation June Inventory 4600 10 Accounts Payable 4600 (To record credit sale) 10 (To record merchandise sold) 11 Freight Out 210 Cash 210 (2) Periodic Inventory System Debit Credit Date Account Titles and Explanation June 10