On June 10, Tuzun Company purchased $8,200of merchandise from Epps Company, FOB shipping point, terms4/10, n/30. Tuzun pays the freight costs of $520on June 11. Damaged goods totaling $500are returned to Epps for credit on June 12. The fair value of these goods is $190. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction on the books of Tuzun Company. &Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun on June 10 had cost Epps $4,850.