Initial balances: Capital Stock $ 41,000, Advance sale $ 3,000, Cash $ 55,000, Accounts receivable $ 15,000, Inventory $ 41,000, Notes receivable (2 years) $ 2,300, accumulated profits $ 69,300

Register the following transactions of a company in T accounts

a. Purchase inventory for $ 10,000 from x company on credit. b. The company pays $ 40 freight on the purchase. c Sells $ 57,000 of inventory on credit to Adam. d. Adam returns the inventory for $ 5,200. e. Adam receives a defective inventory and the company gives him a rebate of $ 8,000 F. The company returns the defective inventory for $ 800 to x company. g. The company pays to x company the balance due at a discount of 1%. h. Adam pays his balance and the company gives him a 2% discount on the balance owed. i. The market value of the inventory is $ 27,000.