The following selected transactions were completed by SUP Co. during August of the current year:

Aug. 3. Purchased merchandise on account for $16,700, terms FOB destination, 2/10, n/30.

9. Issued debit memorandum for $1,250 ($1,225 net of 2% discount) for merchandise from the August 3 purchase that was kept, but was damaged in shipment.

10. Purchased merchandise on account, $12,500, terms FOB shipping point, n/eom. Paid $300 cash to the freight company for delivery of the merchandise.

13. Paid for invoice of August 3, less debit memorandum of August 9.

31. Paid for invoice of August 10.

Instructions

Illustrate the effects of each of the preceding transactions on the accounts and financial statements of SUP Co. Identify each transaction by date.