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Can you solve the question below as soon as possible? Illumber Company...

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Accounting

Can you solve the question below as soon as possible?

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Illumber Company has the following selected transactions during March. 1ar. 2 Purchased equipment costing $7,760 from Bole Company on account. 5 Received credit of $430 from Carwell Company for merchandise damaged in shipment to Cullumber. 7 Issued credit of $550 to Dempsey Company for merchandise the customer returned. The returned merchandise had a cost of $270. Ilumber Company uses a one-column purchases journal, a sales journal, the columnar cash journal used in the text, and a general journal. Date Account Titles and Explanation Debit Credit (To record merchandise returned.) (To record the cost of merchandise returned.)

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