Current Attempt in Progress Presented below are selected transactions for Sarasota Company during September and October of the current year. Sarasota uses a perpetual inventory system. Sept. 1 2 5 15 16 17 25 30 Purchased merchandise on account from Hillary Company at a cost of $48,000, FOB destination, terms 1/15,1/30 The correct company paid $2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. Returned for credit $3,000 of damaged goods purchased from Hillary Company on September 1. Sold the remaining merchandise purchased from Hillary Company to Irvine Company for $90,000, terms 2/10,n/30 FOB destination. The correct company paid $2.200 of freight charges on the September 15 sale of merchandise. Issued Irvine Company a credit of $6,000 for returned goods. These goods had cost Sarasota Company $3,000 and were returned to inventory. Received the balance owing from Irvine Company for the September 15 sale, Paid Hillary Company the balance owing for the September 1 purchase, Purchased merchandise on account from Kimmel Company at a cost of $55,000, terms 2/10, 1/30, FOB shipping point. The correct company paid freight costs of $1,100 on the October 1 purchase. Obtained a purchase allowance of $2,600 from Kimmel Company to compensate for some minor damage to goods purchased on October 1 Paid Kimmel Company the amount owing on the October 1 purchase. Sold all of the merchandise purchased from Kimmel Company to Kieso Company for $105,000, terms 2/10,n/30. FOB shipping point. The correct company paid $800 freight costs on the October 11 sale. Samnanv a sales allowance of $1500 hecause some of the poods did not meet Kiesn's exact Oct. 1 2 3 10 11 12