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Journalize, without explanations, the following transactions of Superior Auto Parts, a distributor that uses the periodic inventory system, durin

June 3

June 7

Purchased $20,000 of inventory under terms of 4/10, neom, and FOB shipping point.

June 9

June 10

June 12

Returned $3,000 of defective merchandise purchased on June 3. Paid treight bill of $470 on June 3 purchase

Sold inventory for $26,000 collecting cash of $4,600 Payment terms on the remainder were 2/15, n/30

Paid amount owed on credit purchase of June 3

June 16

June 23

Granted

a sales allowance of $1,400 on the June 10 sale Received cash from the June 10 customer in full settlement of the debt.

urnalize, without explanations, the following transactions of Superior Auto Parts, a distributor that une 3 Purchased $20,000 of inventory under terms of 4/10,n/eom, and FOB shipping poin une 7 Returned $3,000 of defective merchandise purchased on June 3 . June 9 Paid freight bill of $470 on June 3 purchase. June 10 Sold inventory for $26,000 collecting cash of $4,600. Payment terms on the remaindt June 12 Paid amount owed on credit purchase of June 3. June 16 Granted a sales allowance of $1,400 on the June 10 sale. June 23 Received cash from the June 10 customer in full settlement of the debt

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