Jewel's Gems sells gold necklaces. On December 1, 2014, Jewel's had 230 necklaces in inventory at a cost of $120 each. During December, the following transactions occurred:
Dec. 1 Purchased 500 necklaces at $120 each from Lindal Gold Fashions on account, terms net 30.
4 Returned 30 of the necklaces purchased from Lindal because they were defective.
9 Paid the balance due on the Lindal account payable
12 Sold 600 necklaces for $250 each, terms n/30, FOB destination
13 Freight $250 on the Dec 12 sale paid by the appropriate party
16 Purchased 150 necklaces from Green wholesale Jewelers for $120, terms n/30.
17 Sold 30 of the necklaces for cash, $325 each
19 Customer returned 2 of the necklaces purchased on Dec 17. Provided a cash refund. The necklaces were returned to inventory.
Using the perpetual inventory system, prepare the journal entries to record the transactions.