Journal Entries for Merchandise Transactions on Seller's and Buyer's Books-Perpetual System The following are selected transactions for Candello, Inc, during the month of June: June 18 Sold and shipped on account to Dante Company. $13.000(512.000 cost) of merchandise with terms of 2110,130 . 25 Dante Company returned merchandise billed at $1,300 on june 21 ( $1,200 cost.) 27 Received from Dante Compary a check for full settlement of the june 21 transaction. Required Prepare the necessary journal entries for (a) Candello, Inc, and (b) Dante Company. Both companies use the Prepare the necessary journal entries for (a) Candello, Inc, and (b) Dante Company. Both companies use the perpetual inventory system. Seller's Journal Entries Required Prepare the necessary journal entries for (a) Candello, Inc., and (b) Dante Company. Both companies us