Answer and Explanation:
The journal entries are shown below:
On June 3
Merchandise Inventory $4,100
To Accounts payable $4,100
(Being the purchase of goods on credit is recorded)
On Jun 5
Accounts payable $1,100
To Merchandise Inventory $1,100
(To record purchase returns)
On June 6
Merchandise Inventory $1,000
Accounts payable $1,000
(Being the purchase of goods on credit is recorded)
On June 11
Accounts payable ($4,100 - $1,100) $3,000
To Cash $2,960
To Inventory ($4,100 - $1,100) × 2% $60
(Being the payment is recorded)
On June 22
Accounts Payable $2,000 ($3,000 - $1,000)
To Cash $2,000
(Being the payment on account in full is paid)
