E$5\mathrm{.}4($LO $3),$ AP Refer to the information in E$5\mathrm{.}3$ for Olaf Corp. and the following additional information.

Exercises $5-43$

The cost of the merchandise sold on April $3$ was $$19,000.$

Journalizes sales transactions.

The cost of the merchandise returned on April $8$ was $$2,300.$

DeVito uses a perpetual inventory system.

Instructions

Record the transactions in the books of DeVito.

E$5\mathrm{.}3($LO $2),$ AP Olaf Corp. uses a perpetual inventory system. The company had the following inventory transactions in April.

Apr. $3$ Purchased merchandise from DeVito Ltd$.$ for $$28,000,$ terms $\frac{2}{10},\frac{n}{30},$ FOB shipping point.

$6$ The appropriate company paid freight costs of $$700$ on the merchandise purchased on April $3,$

$7$ Purchased supplies on account for $$5,000$ from Lomax Industries.

$8$ Returned merchandise to DeVito and received a credit of $$3,500.$ The merchandise was returned to inventory for future resale.

$30$ Paid the amount due to DeVito in full.

Instructions

Record the above inventory transactions on Olaf's books.