The Carney Electric Company uses the perpetual inventory system. Record these transactions in a two-column journal.
201X
Feb. 3 Purchased 25 Model 77DX light fixture(s) on account from Flashing Electric at total cost of $1,000; terms n/30.
5 Sold 6 model U67 light fixtures for cash for $168 total. The cost of these 6 fixtures amounted to $108.
6 Our customer returned 2 model U67 light fixture(s). We gave the customer a $56 cash refund.
10 We issued a debit memo for $280 to Flashing Electric for 7 model 77DX light fixture(s) that came in damaged in the shipment of February 3.