View Policies Current Attempt in Progress Presented here are selected transactions for Toth Company during September of the current year. Toth Company uses a perpetual inventory system. Sept. 2 3 4 6 7 8 9 10 17 20 21 22 23 28 Purchased equipment on account for $63.100, terms 1/30, FOB destination. Freight charges of $910 were paid by the appropriate party on the September 2 purchase of equipment Purchased supplies for $3,900 cash. Purchased inventory on account from Southlake Corp. at a cost of $60,200, terms 1/15,1/30. FOB shipping point. Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase, Returned damaged goods costing $4.900 that were originally purchased from Southlake Corp. on September 6, Received a credit on account. Sold goods costing $15,700 to Fischer Limited for $18.900 on account, terms 2/10./30, FOB destination. Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer Paid Southlake Corp. the balance due. Purchased inventory for $6,000 cash. Sold inventory costing $19,300 to Kun Tai Inc. for $26,400 on account terms 1/30, FOB shipping point. Freight charges of $400 were paid by the appropriate party on the September 22 sale of inventory. Kun-Tai returned goods sold for $10,400 that cost $7,100. The merchandise was restored to inventory