Name Student ID 1. Journal Entries for Merchandise Transactions on Sellers and Buyer's Books-Perpetual System The following are selected transactions of Candello, Inc., during the month of June: June 18 Sold and shipped on account to Dante Company $6,000 ($3,000 cost) of merchandise, with terms of 2/10, n/30. June 25 Dante Company returned merchandise billed at $800 on June 18 ($300 cost). June 27 Received from Dante Company a check for full settlement of the June 18 transaction. Required Prepare the necessary journal entries for (a) Candello, Inc., and (b) Dante Company. Both companies use the perpetual inventory system Candello, Inc. Date Account Debit Credit