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Omari Company proauces and sells various types of beach toys and uses the perpetual inventory...

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Omari Company proauces and sells various types of beach toys and uses the perpetual inventory system. Listed below are the transactions for the month of June: June 1 Sold 18 water tubes for $250 each terms n/30 FOB destination. Each tube cost $95. June 8 Customer returned 2 tubes due to defects. Issued a full refund and scrapped the defective tubes. June 10 Freight charges of $85 paid by the responsible party. June 11 Customer complained about competitive pricing. Granted customer a $200 credit for tubes purchased. June 15 Sold 92 tubes for $225 each terms 2/10n/30. Each tube cost $95. June 18 Received payment in full for June 1 transaction. June 20 Received payment in full for June 15 transaction. Instructions a. Journalize the transactions. b. Determine the amount of net sales to be reported on the income statement of Omari Company

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