Sheridan Company uses a perpetual inventory system. Its beginning inventory consists of $68$ units that cost $$46$ each. During June, $(1)$ the company purchased $203$ units at $$46$ each, $(2)$ returned $8$ units for credit, and $(3)$ sold $169$ units at $$68$ each. Assume the number of units purchased is the same as the number of units sold.

Journalize the June transactions. $($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. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$(1)$

$(2)$

$(3)$

$($To record sales$)$

$($To record cost of goods sold$)$