Aug. 12) After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a credit memorandum from Waters granting a price reduction of $400 off the $5,400 of goods purchased. Aug. 14) At Aron's request, Lowe's paid $200 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron. Aug. 15) Received balance due from Baird Corp. for the August 5 sale less the return on August 10. Decreases net income Aug. 18) Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12. Aug. 19) Sold merchandise to Tux Co. for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19 Aug. 19) The cost of the merchandise sold merchandise to Tux was $2,400. Aug. 22) Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's sent Tux a $500 credit memorandum toward the $4,800 invoice to resolve the issue. Aug. 29) Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22. Aug. 30) Paid Aron Company the amount due from the August 1 purchase. Total income Aug. 12) After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a credit memorandum from Waters granting a price reduction of $400 off the $5,400 of goods purchased. Aug. 14) At Aron's request, Lowe's paid $200 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron. Aug. 15) Received balance due from Baird Corp. for the August 5 sale less the return on August 10. Decreases net income Aug. 18) Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12. Aug. 19) Sold merchandise to Tux Co. for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19 Aug. 19) The cost of the merchandise sold merchandise to Tux was $2,400. Aug. 22) Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's sent Tux a $500 credit memorandum toward the $4,800 invoice to resolve the issue. Aug. 29) Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22. Aug. 30) Paid Aron Company the amount due from the August 1 purchase. Total income