inventory system. Feb. 1 Sold merchandise with a cost of $2,300 for $3,700; terms 2/10, n/30, FOB destination. 2 Paid $305 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product; it was returned to inventory. 4 Sold merchandise to a customer for $3,200 (cost of sales $1,680); terms 2/10, n/30, FOB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,140 (cost of sales $660). 28 The customer of February 4 paid the amount owing. 27:43 View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 > Record sale of merchandise for $3,700; terms 2/10, n/30, FOB destination