On June 24, 2000, Hansen Company sold merchandise to Jill Selby for $\$ 80,(000$ with terms $2 / 10, \mathrm{n} / 30$. On June 30 , Selby paid $\$ 39,200$, receiving the cash discount on her payment, and retumed $\$ 16,000$ of merchandise, claiming that it did not meet contract terms Assuming that Hansen uses the perpetual inventory method, record the necessary journal entries on June 24 and June 30. The cost of merchandise to Hansen Company is 70 percent of its selling price.