Williams Distributing Company is a merchandising company. Williams uses the perpetual inventory system. eames, Record each of the following transactions related to the company’s purchasing and selling of merchandise: 

1 March | Purchased merchandise on account for \($6,000;\) terms were 2/10, n/30.

3 Paid \($200\) cash for freight on the March 1 purchase.

6 Returned merchandise costing \($300\) (part of the \($6,000\) purchase).

10 Paid for merchandise purchased on March 1.

12 Sold merchandise on account costing \($8,000\) for \($10,000;\) terms were 2/10, n/30.

15 Accepted returned and undamaged merchandise from a customer costing \($400\) that had been sold on account for \($500\) (part of the \($10,000\) sale).

20 Received payment from customer for merchandise sold on March 12.