Cullumber Mercantile, a home dcor shop, completed the following merchandising transactions in the month of August.

Aug. 1		Purchased pillows and other inventory from Goodman and Co. $2,700 (including freight), terms 2/10, n/30.
6		Received $100 credit for pillows returned to Goodman and Co.
9		Paid Goodman and Co. in full.
20		Purchased towels from Savon Company $900, terms 1/15, n/30, FOB shipping point.
21		Paid freight $80 for inventory purchased from Savon Company
25		Received an allowance of $300 for towels that were the incorrect color.
30		Paid Savon Company in full.

Journalize the transactions using a perpetual inventory system.