The following transactions occurred between Belvidere Pharmaceuticals and D & S, the pharmacy chain,

The following transactions occurred between Belvidere Pharmaceuticals and D & S, the pharmacy chain, during July of the current year:

Jul 6   D & S purchased $12,000 of merchandise from Belvidere on credit terms of 3/10, n/30, FOB shipping point.   Separately, D & S paid a $200 bill for freight in. These goods cost Belvidere $3,600.

   10   D & S returned $3,000 of the merchandise purchased on July 6. Belvidere accounted for the sales return and placed the goods back in inventory (Belvidere’s cost, $1,200).

   15   D & S paid $6,000 of the invoice amount owed to Belvidere for the July 6 purchase, less the discount.

   27   D & S paid the remaining amount owed to Belvidere for the July 6 purchase.

Required:

1.  Journalize these transactions on the books of D & S.

2.  Journalize these transactions on the books of Belvidere Pharmaceuticals.