Our Stuff managers also want you to provide information about the sale of inventory. They are asking you to record the following events. Complete parts a, b. and c. June 7 Sold inventory that had cost us $800 for $1,000 on account to Smith. Freight to get the merchandise to our customer was paid by the customer. June 13 Accepted a return of merchandise from the June 7 sale to Smith that was the wrong size for the customer. We had sold the merchandise for $300; our cost was $240. June 20 Shipped merchandise that had cost us $940 to Jones. New Stuff billed the customer $1,175 on the sale and paid $25 in freight to get the merchandise to the customer. June 30 Received a check for the Smith June 7 sale. a. Record the transactions above using the periodic inventory system. Periodic Inventory Entries