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Journal Entries for Merchandise Transactions on Seller's and Buyer's Books—Perpetual System The following are selected transactions for Lamont, Inc

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Journal Entries for Merchandise Transactions on Seller's and Buyer's Books—Perpetual System The following are selected transactions for Lamont, Inc., during the month of June: 
June 
21 
28 
30 
Sold and shipped on account to Lowery Company, $9,880 ($9,000 cost) of merchandise, with terms of 2/10, Lowery Company returned defective merchandise billed at $780 on June 21 ($710 cost.) Received from Lowery Company a check for full settlement of the June 21 transaction. 
Required 
Prepare the necessary journal entries for (a) Lamont, Inc., and (b) Lowery Company. Both companies use the perpetual inventory system.