John Henry operates Liverpool Traders which has an opening balance at 1 June 2020 for accounts Cash at Bank $20,000, Inventory $16,000 and Capital $36,000.

During the month ended 30 June 2020 the following transactions occurred:

June 2	Sold goods for $2,400 (cost price $1,700), collecting cash of $1,000 with the remainder on credit.
June 4	Purchased inventory costing $4,000 from Global Football Supplies paying cash.
June 10	Goods costing $400 and sold on credit for $600 were returned by the customer for a credit refund. These goods can be resold.
June 12	Goods which cost Liverpool Traders $800, purchased from Global Football Supplies were defective and returned to the supplier for a refund.
June 15	Paid wages for the month of June $1,000.
June 24	Received a $500 deposit for a July sale.
June 30	Physical stock take showed $17,000 of inventory on hand.

Required:

a.) Record the above transactions for the month of June 2020 in the general journal using the periodic inventory method. Narrations are not required. Ignore GST. (8 marks)

b.) Record the above information for the month of June 2020 in the Adjusted Trial Balance using the perpetual inventory method. (7 marks)