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Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost $34 each. During June (1) the company purchased 150

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Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 50 units that cost $34 each. During June (1) the company purchased 150 units at $34 each, (2) returned 6 units for credit, and (3) sold 125 units at $50 each. Journalize the June transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (To record sales)

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