Orser Furniture purchases and sells dining room furniture. Its management uses the perpetual method of inventory accounting. Journalize the following transactions that occurred during October 2012:

Oct. 2 Purchased on account $27,000 of inventory with payment terms 2/10, n/30, and paid $650 in cash to have it shipped from the vendor’s warehouse to the Orser showroom.

5 Sold inventory costing $4,900 for $8,250 on account.

10 Paid $13,950 of accounts payable (from October 2 purchase) and received the cash discount.

14 Returned two damaged tables purchased on October 2 (costing $550 each) to the vendor.

19 Received payment of $4,560 from customers.

20 Paid the balance of the account from October 2 purchase.

22 Sold inventory costing $3,800 for $5,200 on account.

24 A customer returned a dining room set that she decided didn’t match her home. She paid $3,250 for it, and its cost to Orser was $1,800.

Assuming the balance in the inventory account is $12,000 on October 1, and no other transactions relating to inventory occurred during the month, what is the inventory balance at the end of October?