June	4		Crane Company purchased $9,400 worth of merchandise, terms n/30 from Hayes Company. The cost of the merchandise was $6,100.
	12		Crane returned $520 worth of goods to Hayes for full credit. The goods had a cost of $320 to Hayes.
	12		Crane paid the account in full.

Assume use of the perpetual inventory system for both companies.

Prepare the journal entries to record these transactions in Cranes books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.)

Date	Account Titles and Explanation	Debit	Credit
June 4June 12	enter an account title for the journal entry on june 4	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 4	enter a debit amount	enter a credit amount
June 4June 12	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	(To record return of goods)
June 4June 12	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	(To record payment)

Prepare the journal entries to record these transactions in Hayes books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
June. 4June. 12	enter an account title to record credit sale on june 4	enter a debit amount	enter a credit amount
	enter an account title to record credit sale on june 4	enter a debit amount	enter a credit amount
	(To record credit sale)
June. 4June. 12	enter an account title to record Cost of Goods Sold on june 4	enter a debit amount	enter a credit amount
	enter an account title to record Cost of Goods Sold on june 4	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
June. 4June. 12	enter an account title to record credit granted for returned goods on june 12	enter a debit amount	enter a credit amount
	enter an account title to record credit granted for returned goods on june 12	enter a debit amount	enter a credit amount
	(To record credit granted for returned goods)
June. 4June. 12	enter an account title to record cost of goods returned on june 12	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods returned on june 12	enter a debit amount	enter a credit amount
	(To record cost of goods returned)
June. 4June. 12	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 12	enter a debit amount	enter a credit amount
	(To record cash received on account)