Question $4(20$ marks$).$

Instruction: Journalize the transactions for ABC firm. Ignore the description of the transactions.

$(1)$ On June $3,$ the ABC firm sold $$400,000$ of goods to $ZH$ Company on credit, terms $\frac{3}{15},\frac{n}{30},$ FOB shipping points. The cost of the goods was $$250,000.$

$(2)$ On June $6,$ the $ZH$ firm was granted an allowance of $ $8,000$ for goods purchased on June $3.$

$(3)$ On June $13,$ the ZH firm made the payment to ABC firm.

$(4)$ On June $20,$ the ABC firm purchased goods from a supplier for $$45,000$ on account, terms $\frac{4}{10},\frac{n}{30}.$

$(5)$ On June $25,$ the ABC firm paid the balance to the supplier for goods purchased on June $20.$