The following transactions occurred during April 2013, for Sandy Salon Products, Inc.:
Apr 3 Purchased $3,400 of goods on account, terms 1/15, n/30, FOB shipping point.
6 Returned $500 of defective merchandise purchased on April 3.
8 Paid freight charges of $130 for delivery of goods purchased on April 3.
11 Sold $2,800 of inventory to a customer on account, terms 3/15, n/45, FOB shipping point. The cost of the goods was $1,600.
12 Paid amount owed on the April 3 purchase.
18 Granted a $225 sales allowance on the April 11 sale because the goods were the wrong color.
25 Received payment in full from customer for the April 11 sale.
Requirement
Journalize all necessary transactions for Sandy Salon Products, Inc. using
(1) The perpetual inventory system,
(2) The periodic inventory system. Omit explanations.