Journalize the following transactions for Henderson Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.

June	3		Sold goods costing $7,500 to Lopez Company on account, $12,500, terms 4/10, n/30.
June	9		Lopez Company was granted an allowance of $1,000 for returned merchandise that was previously purchased on account. The returned goods are damaged and have no scrap value.
June	14		Received the amount due from Lopez Company.

Date Account Title Debit Credit