Innovative Medical Devices is a medical devices wholesaler that commenced business on June $1,20$X$1.$ The company purchases

merchandise for cash and on open account. In June $20$X$1,$ Innovative Medical Devices engaged in the following purchasing and cash

payment activities:

DATE TRANSACTIONS

June $1,20$X$1$ Issued Check $101$ to purchase merchandise, $$4,200.$

June $3,20$X$1$ Purchased merchandise for $$1,550$ from BioMaps Incorporated, Invoice $606$; terms $2/10,$ n$/30.$

$\frac{2}{10},\frac{n}{30}.$

June $9,20$X$1$ Paid amount due to BioMaps Incorporated for purchase of June $3,$ less discount, Check $102.$

the goods were purchased on Invoice $1011,$ dated June $5.$

June $11,20$X$1$ Purchased merchandise for $$1,650$ from BioMaps Incorporated, Invoice $612$; terms $\frac{2}{10},$ n$/30.$

discount, Check $103.$

June $15,20$X$1$ Purchased merchandise with a list price of $$8,900$ and trade discounts of $20$ and $15$ percent from Pang Research,

Invoice $1029,$ terms $\frac{n}{30}.$

June $20,20$X$1$ Issued Check $104$ to purchase merchandise, $$2,700.$

June $25,20$X$1$ Returned merchandise purchased on June $20$ as defective, receiving a cash refund of $$250.$

$\frac{2}{10},\frac{n}{30}.$

Required:

Journalize the transactions in a general journal.

Analyze:

What was the amount of trade discounts received on the June $15$ purchase from Pang Research?