On September 14, 2015, C & T Machinery, Inc. sold $2,300 of inventory (cost is $1,350) on account to one of its customers. The terms were 1/10, n/30, FOB destination. On September 16, C & T Machinery, Inc. paid freight charges of $75 related to the delivery of the goods sold on September 14. On September 20, $900 of damaged goods (cost is $540) were returned by the customer. On September 23, C & T Machinery, Inc. received payment in full from the customer.

Requirement

1. Journalize all necessary transactions for C & T Machinery, Inc. using (1) the perpetual inventory system, and (2) the periodic inventory system. Omit explanations.