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Path: P QUESTION 2 Mom & Pop Shop uses the periodic inventory system to record its inventories. Below are transactions in the month of June

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Path: P QUESTION 2 Mom & Pop Shop uses the periodic inventory system to record its inventories. Below are transactions in the month of June 2020. June 10: Sold inventories, on account, to Customer B, valued at $22,500. Mom & Pop Shop had purchased those inventories for $15,000. Mom & Pop Shop offered credit terms of 2/10,n/30. June 15 Customer B returned inventories to Mom & Pop Shop, valued at $5,500. Mom & Pop Shop had orginally purchased those returned inventories for $2,500 June 21: Customer B settled its account with Mom & Pop Shop. Prepare the Journal Entries in Mom & Pop Shop books

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