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Information related to Monty Yachts is presented below. 1. On April 5, purchased merchandise on account from Paul Nautical Supply for 45,000, terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of 910 on merchandise purchased from Paul. 3. On April7, purchased equipment on account for 30,100. 4. On April8, returned damaged merchandise to Paul and was granted a 4.700 credit for returned merchandise. 5. On April 15, paid the amount due to Paul in full