The following transactions occurred during June 2016 for Great Deals Mart, Inc. (Click the icon to view the transactions.) Requirement 1. Joumalize the line transactions for Great Deals Mart, Inc., asuming the net method is used. No explanations are required. (Record debts first, then credits. Exclude explanations from any journal entries.) Jun 3: Purchased $3,100 of goods on socount. Terms, 2/10, 1/30, FOB shipping point. Journal Entry Date Accounts Debit Jun Credit An 5: Returned $900 of defective merchandise purchased on June 3. Journal Entry Date Accounts JUR Debit Credit Sun 8: Paid freight charges of $140 for delivery of goods purchased on June 2 Journal Entry Accounts Date Debit Credit Jun Choose from any Jun 11: Sold S1,900 of inventory to a customer on account. Terms, 2/15, 1/45, FOB shipping point. The cost of the goods was $1,000. Journalize the sale of inventory on account. (Do not yet record the cost related to the sale. We will do this in the next journal entry) Joumal Entry Accounts Date Debit Credit Jun 11 Now joumalize the cost of goods sold on June 11th Journal Entry Date Accounts Debit Credit 10 Jun 12. Pald amount owed on June 3 purchase Joumal Entry Date Accounts Debit Credit Jun 12 Jun 12: Pald amount owed on the June 3 purchase. Journal Entry Date Accounts Debit Credit Jun 12 ni Jun 18: Granted a $700 sales allowance on the June 11 sale because the goods were damaged, Journal Entry Accounts Date Debit Credit Jun 18 Jun 25: Recalved payment in full from customer for the June 11 sale, Journal Entry Date Accounts Debit Credit Jun 25 More Info Jun 3 Purchased S3,100 of goods on account. Terms, 2/10. n/30, FOB shipping point. 6 Returned $900 of defective merchandise purchased on June 3. 8 Paid freight charges of $140 for delivery of goods purchased on June 3 11 Sold $1.900 of inventory to a customer on account. Tems, 2/15, n/45. FOB shipping point. The cost of the goods was $1.000. 12 Paid amount owed on the June 3 purchase. 18 Granted a $700 sales allowance on the June 11 sale because the goods were damaged. 25 Received payment in full from customer for the June 11 sale