Dec. 1 - Paid rent for December of $4,000. Dec. 2 - Paid utility bill $1,975. Dec. 3 - Purchased merchandise on account from Discount Sports, terms 3/10, n/30, FOB shipping point for $28,000. Dec. 4 - Paid freight of $1,800 on December 3 purchase. Dec. 6 - Sold merchandise on account to Sport Supply, terms 2/10, n/30, FOB shipping point, $35,000. The cost of the merchandise sold was $22,750. Dec. 7 - Received $15,200 cash from Athletic Depot on account. Dec. 10 - Sold merchandise for cash $29,000. The cost of the merchandise sold was $18,850. Dec. 13 - Paid for merchandise purchased on December 3, less the discount. Dec. 15 - Paid advertising expense for last half of month of $1,200. Dec. 16 - Received cash from sale on December 6