Feb. 3 Purchased $2,500 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Sleeky Spa. Feb. 7 on accour Feb. 9 Returned $700 of defective merchandise purchased on February 3. Paid freight bill of $450 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,900 to Tinsle Town. Payment terms were 2/15, n/30. These goods cost the company $2.450. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. Feb. 28 Received cash from Tinsle Town in full settlement of their debt.