8. Information related to Sortex Company is presented below.

1. On October 7, purchased merchandise from Tabular Company for RO 60,000 terms 2/10, net/30, FOB shipping point.

2. On October 8 paid freight costs of RO 2,400 on merchandise purchased from Tabular.

3. On October 12, returned damaged merchandise to Tabular Company and was granted a RO 12,000 credit for returned merchandise.

4. On October 15, Sortex Company sold RO 10,000 of merchandise to Zawabi Company, terms 3/10, n/30, FOB shipping point. The cost of merchandise sold was RO 7,000.

5. On October 17, paid the amount due to Tabular Company in full

Instructions:

Prepare journal entries to record these transactions on the books of Sortex Company, under a perpetual inventory system