The following transactions occurred between Chan’s Antique Furniture and M & L Furniture Warehouse during August of the current year:
Aug 4 Chan’s Antique Furniture purchased $6,700 of merchandise from M & L Furniture Warehouse on account. Terms, 3/15, n/30, FOB shipping point. The goods cost M & L Furniture Warehouse $3,200.
7 Chan’s Antique Furniture paid a $250 freight bill for delivery of the goods purchased on August 4.
10 Chan’s Antique Furniture returned $1,100 of the merchandise purchased on August 4. The goods cost M & L Furniture Warehouse $450.
18 Chan’s Antique Furniture paid $1,500 of the August 4 invoice less the discount.
31 Chan’s Antique Furniture paid the remaining amount owed on the August 4 invoice.

Requirements
1. Journalize these transactions on the books of Chan’s Antique Furniture.
2. Journalize these transactions on the books of M & L Furniture Warehouse.