The following are selected transactions of Watsonia Stores:

12 July Sold goods on account to Viewbank Market for $1200, terms 2/10, n/30. The cost of the goods sold was $800.

19 July Forwarded a credit note for $90 to Viewbank Market covering part of the goods sold on 12 July, which cost $60, that were returned by Viewbank Market as inappropriate. The goods returned were not defective.

21 July Received from Viewbank Market a cheque in full settlement of the above transactions.

Both Watsonia Stores and Viewbank Market use perpetual inventory system. Assuming that neither business is registered for GST.

Required

Record the above transactions in the general journal of

(1) Watsonia Stores (5.5 marks), and

(2) Viewbank Market (3.5 marks)

(Both account names and figures should be correct in order)