Problem $8-1($Static$)$ Various inventory transactions; journal entries $[$LO$8-1,8-2,8-3]$

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Autumn Company began the month of October with inventory of $$15,000.$ The following inventory transactions occurred during the month:

The company purchased inventory on account for $$22,000$ on October $12.$ Terms of the purchase were $210/210,$ n$30/$n$30.$ Autumn uses the net method to record purchases. The inventory was shipped f$.$o$.$b$.$ shipping point and freight charges of $$500$ were paid in cash.

On October $31,$ Autumn paid for the inventory purchased on October $12.$

During October inventory costing $$18,000$ was sold on account for $$28,000.$

It was determined that inventory on hand at the end of October cost $$19,060.$

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