Prepare journal entries for the following, assuming the company uses a perpetual inventory method and records purchases at their net amounts. June 1 Purchased merchandise from Crane Company for $870 with the terms of 3/10, n/40. June 3 Returned $200 of the merchandise to the Crane Company. June 5 Purchased merchandise from the Tory Company for $600 with the terms of 2/10, n/30. June 6 Paid the amount owed to the Crane Company. June 8 Returned $100 of the merchandise to the Tory Company. June 12 Sold all of the merchandise on hand from the Crane Company for $1,600 and collected 6% sales tax in addition to the sales price. June 18 Paid the amount owed to the Tory Company in full.