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Journalize the following transactions. 1. On June 1, ABC Co.Purchased 40 T-shirts at $5 each from CBC Textile Co, credit terms 2/10, n/30. (On Account)

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Journalize the following transactions. 1. On June 1, ABC Co.Purchased 40 T-shirts at $5 each from CBC Textile Co, credit terms 2/10, n/30. (On Account) DATE ACCOUNT TITLES DEBIT CREDIT June 1 $ S 2. On June 4, ABC Co. returned 5 T-Shirt to CBC Textile CO. for $25 cash. The T-shirts didn't meet the specifications. DATE ACCOUNT TITLES DEBIT CREDIT June 4 S 4 S +

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