1. Buyer: Purchase of $3,250 of inventory for cash. 2. Buyer: Return of $705 of inventory to seller for credit on account. 3. Buyer: Purchase of $3,760 of inventory on account, terms 2/10,n/45. 4. Buyer: Payment of $390 cash for freight on purchase of inventory (FOB shipping point). 5. Buyer: Payment of amount owed for purchase of $3,250 of inventory, terms 2/10,n/30, paid within discount period. 6. Seller: Sale of inventory on account, terms n/30. Selling price $9,400; cost $3,760. Management expects a return rate of 7.50%. 7. Seller: Return of damaged inventory from buyer for cash. Selling price $510; cost $211. All these goods were discarded because they are not resaleable. 8. Seller: Payment of $550 cash for freight on sale of inventory (FOB destination). 9. Seller: Return of unwanted inventory from buyer for credit on account. Selling price $390; cost $149. Goods restored to inventory for future resale. 10. Seller: Receipt of payment ($7,520) from customer on account, terms n/30