Brimmes Company sells office supplies. The company has a stated return policy of $10$ days from the date of sale. Management estimates that returns will be $10\%$ of sales. Record the following transactions for Brimmess Company:

Sept $4-$ Sold merchandise for $$1,750$ on account to Alverstone Company, terms, n$/30,$ FOB destination. The original cost of the merchandise to Brimmes Company was $$700.$

Sept $5-$ The correct company pays freight charges of $$50.$

Sept $8-$Alverstone returned goods with a selling price of $$175$ and a cost of $$70.$ The goods are restored to inventory.

Sept $14-$ Received the correct payment from Alverstone Company.

Sept $16-$Brimmes has a clearance sale and sells $$500$ of goods to Lincoln Liquidators, FOB shipping point. Brimmes specifies that no returns will be allowe for this sale, but offers Lincoln terms of $1/15,$ n$/30.$ The goods cost Brimmes $$425.$

Sept $17-$ The correct company pays freight charges of $$30.$

Sept $30-$ Received the correct payment from Lincoln Liquidators.