A company reported the following transactions. April 2 Sold $4,800 of merchandise (cost is $3,680) on credit to Miller, terms n/60. April 11 The owner, Jackson, contributed $53,000 worth of equipment to the company. April 15 Purchased merchandise for $9,800 from Wilson Company on credit, terms 1/15, n/30. April 18 Granted Miller an allowance (price reduction) of $535 for merchandise sold on April 2 and credited accounts receivable for that amount. April 24 Issued Check Number 224 for $16,800 in payment of wages for the month.