Hartford Jewelers had the following purchase transactions. Journalize all necessary transactions. Explanations are not required.
Jun. 20 Purchased inventory of $5,400 on account from Surry Diamonds, a jewelry importer. Terms were 3/15, n/45, FOB shipping point.
20 Paid freight charges, $300.
Jul. 4 Returned $900 of inventory to Surry.
14 Paid Surry Diamonds, less return.
16 Purchased inventory of $3,800 on account from Swift Diamonds, a jewelry importer. Terms were 3/10, n/EOM, FOB destination.
18 Received a $800 allowance from Swift for damaged but usable goods.
24 Paid Swift Diamonds, less allowance and discount.