Haynes Jewelers uses a perpetual inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required.

View the transactions.

Journalize all necessary transactions in the order they are presented in the transaction list. $($Record debits first, then credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.$)$

Jun. $20$: Purchased inventory of $$5,900$ on account from Luca Diamonds, a jewelry importer. Terms were $\frac{1}{15},\frac{n}{45},$ FOB shipping point.

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jun$.20],[,,,],[,,,],[,,,]]$

Transactions

Jun. $20$ Purchased inventory of $$5,900$ on account from Luca Diamonds, a jewelry importer. Terms were $\frac{1}{15},\frac{n}{45},$ FOB shipping point.

Jun. $20$ Paid freight charges, $$200.$

Jul. $4$ Returned $$700$ of inventory to Luca Diamonds.

Jul. $14$ Paid Luca Diamonds, less return.

Jul. $16$ Purchased inventory of $$4,100$ on account from Jia Diamonds, a jewelry importer. Terms were $3/10,$ n$/$EOM$,$ FOB destination.

Jul. $18$ Received a $$400$ allowance from Jia Diamonds for damaged but usable goods.

Jul. $24$ Paid Jia Diamonds, less allowance and discount.