On June 10, Kingbird Company purchased $6,000 of merchandise from Blossom Company, on account, terms 2/10, n/30. Kingbird pays the freight costs of $350 on June 11. Goods totaling $200 are returned to Blossom for credit on June 12. On June 19, Kingbird Company pays Blossom Company in full, less the purchase discount. Both companies use a perpetual.inventory system. ine 10 ine 11 ine 12 V Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold Inventory (To record cost of goods sold) No Entry No Entry Sales Returns and Allowances Accounts Receivable Debit 6000 200 0 Credit 200 6000 0 ine 11 ine 12 No Entry No Entry Sales Returns and Allowances Accounts Receivable (To record credit sale) Inventory Cost of Goods Sold (To record cost of goods returned) ie 19 Cash Sales Discounts Accounts Receivable 0 200 150 5684 116 200 150 5800 0