SE$9.$ Record the following transactions using T accounts, assuming the periodic inventory

system is used:

Aug. $4$ Sold merchandise on credit to Rock Company, terms n$/30,$ FOB destination, $$2,520.$

$5$ Paid transportation costs for sale of August $4,$ $$231.$

$9$ Part of the merchandise sold on August $4$ was accepted back from Rock for

full credit and returned to merchandise inventory, $$735.$

Sept. $3$ Collected in full the amount due from Rock for merchandise sold on

August $4,$ less the return on August $9.$