The Mark Electric Company uses the perpetual inventory system. Record these transactions in a two-column journal.
201X
Feb. 3 Purchased 50 model 77DX light fixtures on account from Solar Electric at total cost of $2,000; terms n/30.
5 Sold 10 model U67 light fixtures for cash for $280 total. The cost of these 10 fixtures amounted to $180.
6 Our customer returned 2 model U67 light fixtures. We gave the customer a $56 cash refund.
10 We issued a debit memo for $80 to Solar Electric for 2 model 77DX light fixtures that came in damaged in the shipment of February 3.