On June 10, Tuzun Company purchased $8,000 of merchandise on account from Epps Company, FOB shipping point, terms 2/10, n/30. Tuzun Company pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun Company pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun Company on June 10 had cost Epps $4,800. (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 June 10 v Inventory 4800 Cost of Goods Sold 4800 (To record credit sale) June 11 Sales Returns and Allowances 300 Accounts Receivable 300 (To record cost of merchandise sold) June 12v (To record merchandise returned) (To record cost of merchandise returned) June 19