Prepare separate entries for each transaction for Ayayai Company. The merchandise purchased by Kingbird, Inc. on June 10 cost Ayayai $4,800, and the goods returned cost Ayayai $269. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date Account Titles and Explanation Debit
June 10 Cash $4,800
Accounts Payable $4,800
June 10 Cost of Goods Sold $4,800
Inventory $4,800
June 11 Accounts Payable $269
Cash $269
June 12 Inventory $269
Cost of Goods Sold $269
June 12 Accounts Payable $269
Cash $269