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Journalizing help? Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler that uses the perpetual inventory system, during the month of June

Journalizing help?

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Journalize, without explanations, the following transactions of Royal Fashion Distributors, a wholesaler that uses the perpetual inventory system, during the month of June 2020: Jun. 3 Purchased $14,500 of inventory from a manufacturer under terms of 1/10, n/eom and FOB shipping point. 7 Returned $2,700 of defective merchandise purdwased on June 3. 9 Paid freight bill of $750 on June 3 purchase. 10 Sold inventory for $11,500 to a retail store, collecting cash of $2,400. Payment terms on the remainder were 2/ 15, n / 30. The goods cost Royal Fashion Distributors $6,900. 12 Paid amount owed on credit purchase of June 3. 16 Granted a sales allowance of $1,200 on the portion of the June 10 sale that was on account. 23 Received cash from June 10 customer in full settlement of the debt

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