On January $1,2021,$ the general ledger of Boomer Company includes the following account balances:

The $$31,000$ beginning balance of inventory consists of $310$ units, each costing $$100.$

During January $2021,$ the following transactions occurred:

January $2$ Received a $$21,0006-$month, $6\%$ note on a loan Boomer made to Cowboys, Inc.

January $5$ Purchased $3,600$ units of inventory on account for $$468,000($ $$130$ each$)$ with terms $1/10,$ n$/30.$

January $8$ Returned $110$ defective units of inventory purchased on January $5.$

January $15$ Sold $3,400$ units of inventory on account for $$510,000($ $$150$ each$)$ with terms $2/10,$ n$/30.$ Record $2$ entries for

this transaction.

January $17$ Customers returned $300$ units sold on January $15.$ These units were originally purchased by Boomer on January

The units were placed in inventory to be sold in the future. Record $2$ entries for this transaction.

January $20$ Received cash from customers on accounts receivable. This amount includes $$37,000$ from $2020$ plus amount

receivable on sale of $2,800$ units sold on January $15.$

January $21$ Wrote off remaining accounts receivable from $2020.$

January $24$ Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount

owed from purchase of $3,200$ units on January $5.$

January $28$ Paid cash for salaries during January, $$29,000.$

January $29$ Paid cash for utilities during January, $$11,000.$

January $30$ Paid dividends, $$4,000.$