On June 10, Kingbird, Inc. purchased $700 of merchandise on account from Ayayal Company FOB shipping point, terms 1/10,1730. Kinhird pays thered costs of 5460 on June 11. Damaged goods totaling $400 are returned to Ayayal for credit on June 12. The fair value of these goods is $70. On June 19, Kingbird pays Ayayal Company in full less the purchase discount. Both companies use a perpetu Inventory system. Prepare separate entries for each transaction on the books of Kingbird, Inc. (Credit account titles are automatically indented when amount is entered Do not inden manuell no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debat Credit