The following transactions were selected from those occurring during the month of January 2011 for Dan's Store Inc. A wide variety of goods is offered for sale. Credit sales are extended to a few select customers; the usual credit terms are n/EOM (end of the month). The cost of sales is always onehalf of the gross sales price.

a. Sales to customers:

Cash. \(\$ 228,000\)

Credit, \(\$ 72,000\)

b. Unsatisfactory merchandise returned by customers:

Cash, \(\$ 3,000\)

Credit, \(\$ 2,000\)

c. Purchased merchandise from vendors on credit; terms \(2 / 10, \mathrm{n} / 30\) :

i. Amount billed by Amy Supply Company, \(\$ 4,000\)

ii. Amount billed by other vendors, \(\$ 68,000\)

d. Paid freight on merchandise purchased, \(\$ 1,500\) cash

e. Collections on trade receivables, \(\$ 36,000\)

f. Paid trade payables in full during the period as follows:

i. Amy Supply Company after the discount period, \(\$ 4,000\)

ii. Paid other vendors within the discount period, \(\$ 66,640\)

g. Paid \(\$ 1,000\) for two new typewriters for the office Required:

Prepare journal entries for these transactions, assuming that a perpetual inventory system is used. Record inventory purchases by using the gross method.