On June 10, Tuzun Company purchased $6,400 of merchandise from Epps Company, FOB shipping point, terms 1/10, n/30. Tuzun pays

On June 10, Tuzun Company purchased $6,400 of merchandise from Epps Company, FOB shipping point, terms 1/10, n/30. Tuzun pays the freight costs of $560 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare journal separate enteries for each transaction.

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