Journalize the following transactions for Antique Furniture, Inc. that occurred during the month of January. Omit explanations using (1) the perpetual inventory system and (2) the periodic inventory system.
Jan 3 Purchased $5,700 of merchandise on account, terms 1/10, n/30, FOB shipping point. The supplier prepaid freight charges of $225 and added the amount to the invoice.
6 Returned damaged goods to the supplier and received a credit memorandum in the amount of $500.
12 Paid for the goods purchased on January 3.