Joumalize, without explanations, the following transactions of Royal Fashion Distrbutors, a wholesale during the month of June 2020 Jun 3 Purchased 514,500 of inventory from a manufacturer under terms of 1/10, wcom and FOB shipping point 7 Returned $2,700 of defective merchandise purchased on June 3. 9 Paid Freight bill of 5750 on June 3 purchase 10 Sold Inventory for $11,500 to a retail store collecting cash of $2.400 Payment terms on the remainder were 2/15 n/30. The goods cost Royal Fashion Distributors 56,900 12 Pald amount owed on credit purchase of June 3 16 Granted a sales allowance of $1.200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic Inventory system and has no inventory on hand prior to June June 3 Purchased $14.500 of Inventory from a manufacturer under terms of 1/10 neom and FOB shippipoint Record Gebits first, the credits. Exclude explanations from Journal entries. Round all answers to the nearest whole dollar) Journal Entry Accounts Debit Credit un Choose from any astor enter any number in the inputs and then continue to the next question Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun. 3 Purchased $14,500 of inventory from a manufacturer under terms of 1/10,Veom and FOB shipping point 7 Returned $2,700 of defective merchandise purchased on June 3. 9 Paid freight bill of $750 on June 3 purchase. 10 Sold inventory for $11,500 to a retail store, collecting cash of $2,400 Payment terms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors $6,900. 12 Paid amount owed on credit purchase of June 3. 16 Granted a sales allowance of $1,200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt. Royal Fashion Distributors uses a periodic inventory system and has no inventory on hand prior to June 3 June 7. Retumed $2,700 of defective merchandise purchased on June 3. Journal Entry Accounts Date Debit Credit I Jun Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun 3 Purchased $14,500 of inventory from a manufacturer under forms of 1/10, Veom and FOB shipping point 7 Returned $2.700 of defective merchandise purchased on June 3 9 Paid freight bill of $750 on June 3 purchase 10 Sold inventory for $11.500 to a retail store, collecting cash of 52.400 Payment terms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors 56,900 12 Paid amount owed on credit purchase of June 3 16 Granted a sales allowance of $1,200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic inventory system and has no inventory on hand prior to Aine 3 June 9. Paid freight bill of 5750 on June 3 purchase Journal Entry Date Accounts Debit Cri Jun Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun 3 Purchased $14.500 of Inventory from a manufacturer under terms of 1/10 neom and FOB shipping point 7 Returned $2,700 of defective merchandise purchased on June 3 9 Paid freight bill of $750 on June 3 purchase. 10 Sold inventory for $11,500 to a retail store, collecting cash of $2,400. Payment terms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors 56,900 12 Paid amount owed on credit purchase of June 3. 16 Granted a sales allowance of $1,200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic inventory system and has no inventory on hand prior to June 3 June 10. Sold inventory for $11,500 to a retail store, collecting cash of $2.400 Payment terms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors $6.900 Journal Entry Accounts Debit Date Credit Jun Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun. 3 Purchased $14,500 of inventory from a manufacturer under terms of 1/10. Weom and FOB shipping point 7 Returned $2,700 of defective merchandise purchased on June 3 9 Pald freight bill of $750 on June 3 purchase. 10 Sold inventory for $11,500 to a retail store, collecting cash of $2,400. Payment forms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors 56,900 12 Pald amount owed on credit purchase of June 3. 16 Granted a sales allowance of 1.200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic Inventory system and has no inventory on hand prior to June 3 June 12. Paid amount owed on credit purchase of June 3 Journal Entry Date Accounts Debit Credit Jun Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun 3 Purchased $14.500 of Inventory from a manufacturer under forms of 1/10, com and FOB shipping point 7 Returned $2,700 of defective merchandise purchased on June 3. 9 Paid freight bill of $750 on June 3 purchase 10 Sold inventory for $11,500 to a retail store, collecting cash of $2.400. Payment terms on the remainder were 2/15 n/30. The goods cost Royal Fashion Distributors 56,900 12 Paid amount owed on credit purchase of June 3 16 Granted a sales allowance of $1,200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic inventory system and has no inventory on hand prior to June 3 June 16. Granted a sales allowance of 51 200 on the portion of the June 10 sale that was on account Journal Entry Date Accounts Debit Credit Jun Jourmalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler, during the month of June 2020 Jun 3 Purchased 514,500 of inventory from a manufacturer under terms of 1/10, neom and FOB shipping point 7 Returned $2.700 of defective merchandise purchased on June 3 9 Pald freight bill of $750 on June 3 purchase 10 Sold Inventory for $11,500 to a retail store, collecting cash of $2,400. Payment terms on the remainder were 2/15, n/30. The goods cost Royal Fashion Distributors 56,900. 12 Paid amount owed on credit purchase of June 3 16 Granted a sales allowance of $1.200 on the portion of the June 10 sale that was on account 23 Received cash from June 10 customer in full settlement of the debt Royal Fashion Distributors uses a periodic inventory system and has no inventory on hand prior to June 3 June 23. Received cash from June 10 customer in full settlement of the debt Joumal Entry Date Accounts Debit Credit Jun R