Journal Entries for Sale, Return, and Remittance-Periodic system On June 8. Stevens Company sold merchandise listing for $1,700 to Dalton Company, terms 2/10, 1/30. On June 12, 5400 worth of the merchandise was returned because it was the wrong color. On June 18, Stevens Company received a check for the amount due. Required Record the journal entries made by Stevens Company for these transactions. Stevens uses the periodic inventory system. General Journal Date Description Debit Credit June Sold merchandise to Daton Company terms 2/10, 1/30 . 12 + Merchandise returned by Dalton Company 18 Cash 2 Remittance received from Dalton Company