Date Account Titles and Explanation Debit Apr. 3 Accounts Receivable Apr. 6 Apr. 7 Sales Cost of Goods Sold Inventory Sales Returns and Allowances Accounts Receivable Apr. 8 Inventory Cost of Goods Sold Apr. 30 + Cash Accounts Receivable 30240 20520 3780 2484 26460 Credit 30240 20520 3780 2484 26460 Culver Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from DeVito Ltd. for $30,240, terms n/30, FOB shipping point. 6 The appropriate company paid freight costs of $756 on the merchandise purchased on April 3. 7 Purchased supplies on account for $5,400. 8 30 90 Returned merchandise to DeVito and received a credit of $3,780. The merchandise was returned to inventory for future resale. Paid the amount due to DeVito in full