Question 1 (8 marks)

Chunky Company had the following merchandise transactions in June 2023:

Jun. 2 Purchased $3,000 of merchandise from Raddler Company, terms 2/10, net/30, FOB destination. (1)

9 Paid Raddler Company the balance owing. (2)

12 Sold $850 worth of the merchandise to Feather Co for a sale price of $1,700 terms 2/10, net/30 (2)

14 Feather Co returned $150 worth of goods that can be re-sold. The cost of goods sold for these goods was $75. (2)

30 Received the full balance owing from Feather Co. (1)

Required: Prepare the necessary general journal entries necessary under the perpetual method for Chunky Company. Explanations are not required.

Date	Account	Debit	Credit