Current Attempt in Progress On June 10, Metlock, Inc. purchased $7,400 of merchandise on account from Monty Company, FOB shipping point, terms 3/10, n/30. Metlock, Inc. pays the freight costs of $560 on June 11. Goods totaling $600 are returned to Monty for credit on June 12. On June 19, Metlock, Inc. pays Monty Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction for Monty Company. The merchandise purchased by Metlock, Inc. on June 10 cost Monty $5,400, and the goods returned cost Monty $254. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) (To record merchandise returned) Debit Credit June 19