The Acworth Company uses the perpetual inventory system. Record these transactions in a two-column journal. All credit sales are n/30.

201X

June 5 Purchased merchandise on account totaling $2,100; terms n/30.

6 Sold merchandise on account to Tommy Dorsey for $95. This merchandise cost $58.

8 Returned $300 of defective merchandise purchased June 5.

9 Sold $185 of merchandise for cash. This merchandise cost $87.

9 Allowed a return for credit of $8 of merchandise sold on June 6. The cost of the returned merchandise was $4. (Hint: Don't forget to return the cost of the merchandise to the Merchandise Inventory account.)

10 Purchased $600 of merchandise on account from KD Supply; terms n/30.

12 Received payment from Tommy Dorsey for the June 6 sale less the return.

13 Sold $420 of merchandise for cash. The cost was $310.