Journalize the following transactions for Jill Company using the periodic inventory system.
June 8 Jacob Co. sold $5,500 of merchandise, costing $4,150 on account to Breanne, terms 2/10, n/30.
June 12 Breanne returned $550 of the merchandise, costing $410 to Jacob Company for credit on her account.
June 16 Breanne paid her balance.

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The Answer of Journalize the following transactions for Jill Company using the periodic inventory system.
June 8 Jacob Co. sold $5,500 of merchandise, costing $4,150 on account to Breanne, terms 2/10, n/30.
June 12 Breanne returned $550 of the merchandise, costing $410 to Jacob Company for credit on her account.
June 16 Breanne paid her balance.

Journalize the Following Transactions for Jill Company Using the Periodic