On June $10,$ Monty Company purchased $$8,400$ of merchandise on account from Martinez Company, FOB shipping point, terms $\frac{3}{10},\frac{n}{30}.$ Monty pays the freight costs of $$460$ on June $11.$ Goods totaling $$600$ are returned to Martinez for credit on June $12.$ On June $19,$ Monty pays Martinez Company in full, less the discount. Both companies use a perpetual inventory system.

a$)$

Prepare separate entries for each transaction on the books of Monty Company. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit