Journalize, without$$ explanations, the following transactions of Royal Fashion Distributors$,$ a$$ wholesaler, during the month of June $2023.$

June $3$

Purchased $ $14$ comma $500$ of inventory from a manufacturer under terms of $1/10,$n$/$eom and FOB shipping point.

June $7$

Returned $ $2$ comma $700$ of defective merchandise purchased on June $3.$

June $9$

Paid freight bill of $ $750$ on June $3$ purchase.

June $10$

Sold inventory for $ $11$ comma $500$ to a retail$$ store, collecting cash of $ $2$ comma $400.$ Payment terms on the remainder were $2$ divided by $15$ comma n divided by $30.$ The goods cost Royal Fashion Distributors $ $6$ comma $900.$

June $12$

Paid amount owed on credit purchase of June $3.$

June $16$

Granted a sales allowance of $ $1$ comma $200$ on the portion of the June $10$ sale that was on account.

June $23$

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 $3.$

Question content area bottom

Part $1$

June $3.$ Purchased $ $14$ comma $500$ of inventory from a manufacturer under terms of $1/10,$n$/$eom and FOB shipping point. $($Record debits$$ first, then credits. Exclude explanations from journal entries. Round all answers to the nearest whole$$ dollar.$)$

Date

Accounts

Debit

Credit

Part $2$

June $7.$ Returned $ $2$ comma $700$ of defective merchandise purchased on June $3.$

Date

Accounts

Debit

Credit

Part $3$

June $9.$ Paid freight bill of $ $750$ on June $3$ purchase.

Date

Accounts

Debit

Credit

Part $4$

June $10.$ Sold inventory for $ $11$ comma $500$ to a retail$$ store, collecting cash of $ $2$ comma $400.$ Payment terms on the remainder were $2$ divided by $15$ comma n divided by $30.$ The goods cost Royal Fashion Distributors $ $6$ comma $900.$

Date

Accounts

Debit

Credit

Part $5$

June $12.$ Paid amount owed on credit purchase of June $3.$

Date

Accounts

Debit

Credit

Part $6$

June $16.$ Granted a sales allowance of $ $1$ comma $200$ on the portion of the June $10$ sale that was on account.

Date

Accounts

Debit

Credit

Part $7$

June $23.$ Received cash from June $10$ customer in full settlement of the debt.

Date

Accounts

Debit

Credit