Record the following transactions in a general journal:
May 4 Merchandise listed at $2,900, less a trade discount of 10%, is purchased on account, credit terms of 1/10, n/30, shipping terms FOB destination.
8 Merchandise purchased on May 4, listed at $520, is returned for credit.
14 Partial payment is made for the merchandise purchased on May 4, listed at $1,000, less 1% discount.
June 3 Payment is made of the balance due on the May 4 purchase.