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2. Neutron uses a periodic inventory system. Prepare general journal entries to record the following transactions for Neutron
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Journal entry

Date account and explanation Debit Credit
June 10 Purchase 9000
Account payable 9000
June 10 Freight in 100
Cash 100
June 12 Account payable 600
Purchase return and allowance 600
June 19 Account payable (9000-600) 8400
Cash (8400*98%) 8232
Purchase discount 168
June 20 Purchase 10000
Account payable 10000
June 21 Account payable 1000
Purchase return and allowance 1000
June 23 Account payable 9000
Cash 9000
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