Sep. 3 Purchased merchandise inventory on account from Sharpner Wholesalers, $5,500. Terms 2/15, n/EOM, FOB shipping point. 4 Paid freight bill of $85 on September 3 purchase. 4 Purchase merchandise inventory for cash of $1,600. 6 Returned $1,300 of inventory from September 3 purchase. 8 Sold merchandise inventory to Herman Company, $5,700, on account. Terms 2/15, n/35. Cost of goods, $2,565. Purchased merchandise inventory on account from Tucker Wholesalers, $6,000. Terms 3/10, n/30, FOB destination. Made payment to Sharpner Wholesalers for goods purchased on September 3, less return and discount. Received payment from Herman Company, less discount. After negotiations, received a $500 allowance from Tucker Wholesalers. Sold merchandise inventory to Jerome Company, $2,800, on account. Terms n/EOM. Cost of goods, $1,200. Made payment, less allowance, to Tucker Wholesalers for goods purchased on September 9. Jerome Company returned $200 of the merchandise sold on September 15. Cost of goods, $80. Sold merchandise inventory to Small for $1,800 on account that cost $738. Terms of 3/10, n/30 was offered, FOB shipping point.