. Schneider Book Store entered into the transactions listed below. In the

journal provided, prepare Schneiders necessary entries, assuming use of

the perpetual inventory system.

July 6 Purchased $1,700 of merchandise on credit, terms n/30.

8 Returned $200 of the items purchased on July 6.

9 Paid freight charges of $90 on the items purchased July 6.

19 Sold merchandise on credit for $3,400, terms 1/10, n/30.

The merchandise had an inventory cost of $1,700.

22 Of the merchandise sold on July 19, $200 of it was returned.

The items had cost the store $100.

28 Received payment in full from the customer of July 19.

31 Paid for the merchandise purchased on July 6.