n Review$-$Bonus

Question $5,$ EF$5-24($similar to$)$

HW Score: $9\%,9$ of $100$ points

Part $1$ of $7$

Points: $0$ of $8$

company records sales at the net amount. Round all numbers to the nearest whole dollar.$)$

$($Click the icon to view the transactions.$)$

Feb. $3$: Purchased $$2,800$ of merchandise inventory on account under terms $\frac{2}{10},\frac{n}{E}OM$ and FOB shipping point from Sarah's Folly.

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Feb$.3,,,],[,,,],[,,,]]$

More info

Feb. $3$ Purchased $$2,800$ of merchandise inventory on account under terms $2/10,$ n$/$EOM and FOB shipping point from Sarah's Folly

Feb. $7$ Returned $$500$ of defective merchandise purchased on February $3.$

Feb. $9$ Paid freight bill of $$450$ on February $3$ purchase.

Feb. $10$ Sold merchandise inventory on account for $$4,600$ to Tinsle Town. Payment terms were $\frac{1}{15},\frac{n}{30}.$ These goods cost the company $$2,300.$

Feb. $12$ Paid amount owed on credit purchase of February $3,$ less the return and the discount.

Feb. $28$ Received cash from Tinsle Town in full settlement of their debt.