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On June 1, Company A purchased $2,000 merchandise on account, terms 1 ur chase 2oo0 oco ay On June 5, Company A made a partial

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On June 1, Company A purchased $2,000 merchandise on account, terms 1 ur chase 2oo0 oco ay On June 5, Company A made a partial payment on 30% ($600 worth) of the merchandise purchased on April 1. oy men On June 8, Company A returned $200 worth of merchandise and received full credit. On June 22, Company A paid the balance due on the above merchandise. On July 1, Company A sold $800 of merchandise to a customer on account, terms 3/10,net/30. The cost of the merchandise sold was $250

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