The following transactions occurred during June 2015 for Valley Gift and Collection. Inc.: 1. Journalize all necessary transactions for Valley Gift and Collection. Inc. using (1) the perpetual inventory system, and (2) the periodic inventory system. Omit explanations. Requirement (1) Journalize all necessary transactions for Valley Gift and Collection. Inc. using (1) the perpetual inventory system. Omit explanations. (Record debits first, then credits.) June 3: Purchased $3.700 of goods on account, terms. 4/10. n/30. FOB shipping point. Purchased $3, 700 of goods on account, terms. 4/10. n/30. FOB shipping point. Returned $250 of defective merchandise purchased on June 3. Paid freight charges of $110 for delivery of goods purchased on June 3. Sold $2, 400 of inventory to a customer on account, terms. 3/15. n/45. FOB shipping point. The cost of the goods was $1, 600. Paid amount owed on the June 3 purchase. Granted a $50 sales allowance on the June 11 sale because the goods were the wrong color. Received payment in full from customer for the June 11 sale