Prepare general journal entries to record the following transactions for ABC company. Assume a perpetual inventory system. June 3 Purchased merchandise for $6,600 from Butler Company with terms 3/10, n/30. 5 Returned goods costing $2,200 to Butler Company for full credit. 6 Purchased goods from Club Corporation for $7,000 with terms 1/10, n/30 7 Sold merchandise to Franke Company on credit for $3,500, terms 2/15, n/30. The items sold had a cost of $2,300. 8 Paid $70 shipping charges related to the June 3 purchase from Butler. 10 Franke Company returned merchandise that had a selling price of $800 and had cost ABC Company $490. The merchandise was restored to inventory. 11 Paid the balance owed to Butler. 21 ABC Company received the balance due from Franke Company for the June 7 sale. 22 Paid Club Corporation the balance due.