A dissatisfied customer returned six of the tables that were sold in PE 7-9. Make the journal entry or entries necessary to record this transaction under

(1) A perpetual inventory system and

(2) A periodic inventory system.

Data from PE 7-9

Johnson Company sold 70 tables on account for $200 each that were purchased in PE 7-5. Make the journal entry or entries necessary to record this transaction under (1) a perpetual inventory system and (2) a periodic inventory system. Don’t forget the impact of the tables returned in PE 7-7, the 2% discount described in PE 7-8, and the transportation costs mentioned in PE 7-6.