Topix Music Store Uses the Perpetual Inventory System and Had

Essay

Topix Music Store uses the perpetual inventory system and had the following transactions during the month of June. Record the transactions in the general journal on page 2. (Omit explanations.)June 4 Purchased $10,000 of goods on account from Music Supply Store, terms 2/10, n/30.
June 8 Received a freight bill directly from the transportation company U.S.P. for $50 indicating payment due in 30 days.
June 15 Sold goods originally costing $400, to M. Brown for $1,000 on credit.
June 25 Received a $150 credit memorandum from Music Supply Store as an allowance due to damaged goods.