Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts.

(a) On July 1, (1) Roley purchased $60,000 of inventory, terms 2/10, n/30, FOB shipping point. (2) Roley paid freight costs of $1,200.

(b) On July 3, Roley returned damaged goods and received credit of $6,000.

(c) On July 10, Roley paid for the goods.

Prepare all necessary journal entries for Roley. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Date Account Titles and Explanation Debit Credit

(a) (1) July 1 ________________________ ___________ _______________

_______________________ ____________ _______________

(a) (2) _____________________________ ____________ _______________

____________________________ _____________ _______________

(b) July 3 _________________________ _____________ _______________

_________________________ ______________ ________________

(c) July 10 ________________________ _______________ ________________

________________________ ______________ ___________________

________________________ _______________ ___________________