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Sy- June 21 Sold and shipped on account to Lowery Company, $3,000 ($2,000 cost) of merchndise 28 Lowery Company returned defective merchandise billed at $300

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Sy- June 21 Sold and shipped on account to Lowery Company, $3,000 ($2,000 cost) of merchndise 28 Lowery Company returned defective merchandise billed at $300 on June 21 ($210 cost ES-4A. Journal Entries for Merchandise Transactions on Seller's and Buyer's Books-Perpetual tem The follwving are selected ransactions for Lamont, Inc, during the month of June: with terms of 2/10, n/30 30 Received from Lowery Company a check for full settlement of the June 21 transaction

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