ABC Co uses the peridic inventory system. During June, the following transactions occurred for ABC compagny :1- June 1 Purchased 200 units of goods 50$ each one from Ahmed Co, terms 2/10, n/30.2- June 3 Received credit of 3,000 $ for the return of 60 units purchased on June 1 that were defective.3- June 5, ABC. sold goods 100 units at selling price 80 $ per unit to Sigma Co. on account 2/10 n, 30. FOB destination.4- June 6 , ABC Co. paid cash 300 $ freight expenses on June 5 sales.5- June 10, ABC paid the net due to Ahmed Co.6- June 20, received cash from Sigma Co.answer Question 1:Instructions:1. Journalize the June transactions for ABC company using the periodic inventory system?