Cedarbrook Traders uses a perpetual inventory system and keeps its ledger in two-sided T-account format. At June 1, 2025 the Accounts Payable account had a credit balance of $7,400 and the Inventory account had a debit balance of $9,000. The following transactions occurred in June.
| Date | Transaction |
|---|
| June 3 | Purchased merchandise on account, $12,000. |
| June 7 | Returned damaged merchandise from the June 3 purchase to the supplier, $900. |
| June 12 | Paid $10,000 cash to suppliers on account. |
| June 18 | Sold merchandise on account. The cost of the goods sold was $8,300 (record only the inventory effect here). |
| June 25 | Purchased merchandise for cash, $2,600. |
Required: Using the T-Account format, post the opening balances (Balance b/d) and the June transactions to the Accounts Payable and Inventory accounts, then balance both accounts off on June 30, 2025 (Balance c/d). Name each posting after the other account involved (e.g. "Cash", "Cost of Goods Sold").