Prepare the required journal entries for each transaction of Medieval Castles, Inc. using the perpetual inventory method.

June 3 Purchased 150 play castles at a cost of $25 each on account with terms of 3/10, n/30.

June 4 Paid $120 shipping costs from June 3 purchase.

June 5 Sold 55 castles on account to Geneviere Blaylock for $50 each with terms 2/15, n/45. The castles had an original cost to Medieval Castles of $25 each.

June 6 The wrong castles were sent to Geneviere Blaylock (the customer from June 5th). We agreed to give her an allowance of $90 for the error as she decided to keep them.

June 13 Paid cash for June 3 purchase less the discount.

June 15 Geneviere Blaylock (the customer from June 5th) paid cash for the amount owed from the sale less the allowance and discount.

June 20 Sold 15 castles to Joan Arc for $50 each in cash. The castles had an original cost to Medieval Castles of $25 each.

June 25 Purchased 125 castles at a cost of $25 each on account with terms n/30.