Prepare the required journal entries for each transaction of Medieval Castles, Inc. using the perpetual inventory method.

1. June 3 purchased 150 play castles at $20 each with terms of 1/10, n/30 
2. June 5 Sold 45 castles to Geneviere for $35 each with terms 3/15, n/45. 
3. June 6 Geneviere called and said wrong castles were sent. We agreed to reduce her price by $80 for the error as she decided to keep them. 
4. June 13 Paid cash for June 3 purchase less the discount 
5. June 15 Geneviere paid cash for her June 5 sale less the allowance and discount. 
6. June 20 Sold 20 castles to Joan Arc for $35 each in cash 
7. June 25 Purchased 100 castles at $20 each with terms n/30.

Journal

Date	Description	Debit	Credit
Jun 3
Jun 3
Jun 5
Jun 5
Jun 6
Jun 6
Jun 13
Jun 13
Jun 13
Jun 15
Jun 15
Jun 15
Jun 20
Jun 20
Jun 25
Jun 25