Jun 3: Purchased $3,900 of goods on account. Terms, 3/10, n/30, FOB shipping point. Journal Entry Date Accounts Debit Credit Jun 3 Jun 6: Returned $100 of defective merchandise purchased on June 3. Journal Entry Date Accounts Debit Credit Jun 6 Jun 8: Paid freight charges of $60 for delivery of goods purchased on June 3. Journal Entry Date Accounts Debit Credit Jun 8 Jun 11: Sold $2,600 of inventory to a customer on account. Terms, 4/15, n/45, FOB shipping point. The cost of the goods was $1,200. Journalize the sale of inventory on account. (Do not yet record the cost related to the sale. We will do this in the next journal entry) Journal Entry Accounts Credit Jun Date Debit 11 Now Journalize the cost of goods sold on June 11th. Journal Entry Date Accounts Jun Debit Credit 11 Jun 12: Pald amount owed on the June 3 purchase. Journal Entry Dato Accounts Jun 12 Dobit Credit Jun 18: Granted a $400 sales allowance on the June 11 sale because the goods were damaged. Journal Entry Date Accounts Debit Credit Jun 18 Jun 25: Received payment in full from customer for the June 11 sale. Journal Entry Date Accounts Debit Credit Jun 25