Costume Warehouse sells costumes and accessories and purchases their merchandise from a manufacturer. Review the following transactions and prepare the journal entry or entries if Costume Warehouse uses
A. The perpetual inventory system
B. The periodic inventory system

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Jun. 4 Jun. 12 Jun. 19 Costume Warehouse purchases 88 costumes on credit at a purchase price of $15 per costume. The terms of the purchase are 5/15, n/30, with an invoice date of June 4. Costume Warehouse returns 20 costumes to the manufacturer for a full refund. Costume Warehouse pays in full for the remaining costumes, less the return.