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Information related to Monty Corp. is presented below. 1. On April 5, purchased merchandise on account from Marigold Company for $26,600, terms 3/10, net/30, FOB

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Information related to Monty Corp. is presented below. 1. On April 5, purchased merchandise on account from Marigold Company for $26,600, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Marigold. 3. On April 7, purchased equipment on account for $30,500. 4. On April 8, returned $3,900 of merchandise to Marigold Company. 5. On April 15, paid the amount due to Marigold Company in full

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