Pina Colada Ltd. and Flint Ltd. incurred the following merchandise transactions in June.

Prepare journal entries for the last transaction both (1) a perpetual inventory system (2) a periodic inventory system is used. both for the seller and the buyer JUST THE LAST ONT JUNE 19

June	10		Pina Colada sold $5,300 of merchandise to Flint, terms 1/10, n/30, FOB shipping point. The merchandise cost Duvall $3,180 when it was originally purchased.
	11		Freight costs of $280 were paid by the appropriate company.
	12		Pina Colada received damaged goods returned by Flint for credit. The goods were originally sold for $400; the cost of the returned merchandise was $240. The merchandise was not returned to inventory.
	19		Pina Colada received full payment from Flint.