On June $10,$ Sheffield Corp. purchased $$8,700$ of merchandise on account from Concord Company, FOB shipping point, terms $\frac{3}{10},\frac{n}{30}.$ Sheffield Corp. pays the freight costs of $$600$ on June $11.$ Goods totaling $$700$ are returned to Concord for credit on June $12.$ On June $19,$ Sheffield Corp. pays Concord Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction on the books of Sheffield Corp.. $($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.$)$

Rate Account Titles and Explanation

Debit

Credit