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Prepare the journal entries to record these transactions in A1 Supply's records. ...

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Accounting

Prepare the journal entries to record these transactions in A1 Supply's records.

June 4 Carla Vista Discount Retail Company purchased $8400 of merchandise, terms n/30 from A1 Supply Company. The cost of the merchandise was $5880

June 12 Carla Vista Discount Retail returned $630 of goods to A1 supply for full credit. The goods had a cost of $441 to A1 Supply.

June 12 Carla Visra Discount Retail paid the account in full.

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