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The following are selected transactions of Lennon, Inc.: June 7 Sold and shipped merchandise for $3,300 ($1,800 cost), terms 1/10. n/30 to McCartney, Inc. Shipping
The following are selected transactions of Lennon, Inc.: June 7 Sold and shipped merchandise for $3,300 ($1,800 cost), terms 1/10. n/30 to McCartney, Inc. Shipping terms are FOB destination, and shipping costs of $120 are paid in cash. 11 McCartney, Inc. returned merchandise billed at $1,100 ($600 cost) from the June 7 transaction. 16 Received a check from McCartney, Inc. for full settlement of the June 7 transaction. Record the above transactions in general journal form as they would appear on the books of (a) Lennon, Inc. The company uses the perpetual inventory system. Omit explanations for the journal entries. Date Debit Account Credit Account Debit Credit Amount Amount June 7 June 7 June 7 June 11 June 11 June 16
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