Brealey Corporation is a merchandising company and employs a periodic inventory system and accounts for purchase discounts using the Net Cost Method. During 2020, Brealey engaged in the following transactions:

1. 1/15/2020 Purchased $15,000 of inventory on account on terms of 2/10, n/30. Brealey had no merchandise inventory prior to this purchase. Shipping charges FOB destination were $200.
2. 1/16/2020 Returned inventory from the 1/15/202 inventory having a list price of $1,500.
3. 1/30/2020 Sold inventory having a list price of $10,000 for $23,000 ($11,000 in cash with the balance on account)
4. 2/20/2020 Paid the amount owing on the 1/15/2020 inventory purchase.

Required:

Prepare in good form the journal entries to record transaction 1. through 4. above, and specify each transactions type (i.e., assets source, asset use, etc.).