At the beginning of the current ski season, on October $1,2024,$ the general ledger of the Bramble Snowboard Shop Limited showed

Cash $$6,600$; Inventory $$21,600$; Accounts Receivable $$14,600$; Common Shares $$18,000$; and Retained Earnings $$24,800.$ The

Bramble Snowboard Shop uses a perpetual inventory system and experiences a return rate of $2\%$ on sales.

The following transactions occurred in October:

Oct. $3$ Purchased snowboards, boots, and helmets on account from Mountain Gear Corp. for $$7,200,$ terms $3/15,$ n$/30,$ FOB

shipping point.

$4$ Freight of $$480$ was paid by the appropriate party on the October $3$ purchase from Mountain Gear.

$9$ Purchased jackets, trousers, thermal base and mid layers, and other accessories on account from Thermals

Sportswear for $$2,600,$ terms $\frac{2}{20},\frac{n}{45},$ FOB destination.

$12$ Received a $$300$ credit from Mountain Gear for returned merchandise.

$14$ Sold merchandise on account to customers for $$11,900,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$4,300.$

$16$ Received payments on account from customers, $$5,950.$