Record journal entries for each using the info below. assume periodic inventory system

1.The company purchased merchandise on account for $46,000 on October 12, 2013. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases.

2.The merchandise was shipped f.o.b. shipping point and freight charges of $660 were paid in cash.

3.On October 18 the company returned merchandise costing $4,600. The return reduced the amount owed to the supplier. The merchandise returned came from beginning inventory, not from the October 12 purchase.

4. On October 31, James paid for the merchandise purchased on October 12.

5.Record the October merchandise costing $20,400 was sold on account for $31,200.

6. Record the cost of goods sold.

James Company began the month of October with inventory of $31,000. The following inventory transactions occurred during the month:

a.	The company purchased merchandise on account for $46,000 on October 12, 2013. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases. The merchandise was shipped f.o.b. shipping point and freight charges of $660 were paid in cash.
b.	On October 18 the company returned merchandise costing $4,600. The return reduced the amount owed to the supplier. The merchandise returned came from beginning inventory, not from the October 12 purchase.
c.	On October 31, James paid for the merchandise purchased on October 12.
d.	During October merchandise costing $20,400 was sold on account for $31,200.
e.	It was determined that inventory on hand at the end of October cost $51,740.