July 1 Purchased dresses for $4,800 plus a freight charge of $700 from Funky Fashions, Invoice 101, dated July 1 the terms are 2/10, n/30. 20X1 5 Sold two dresses on account to Alice Rivera, terms 1/10, n/30 issued Sales Slip 788 for $600. The cost of the dresses sold was $480. 7 Received Credit Memorandum 210 for $550 from Funky Fashions for damaged dresses returned the goods were purchased on Invoice 101 dated July 1. 9 Accepted a return of a dress from Alice Rivera the dress was originally sold on Sales Slip 788 of July 5 issued Credit Memorandum 89 for $200. The cost of the returned dress was $120. 10 Issued Check 1255 to pay the amount due to Funky Fashions for Invoice 101, dated July 1, less the return of July 7 and less the cash discount. 15 Received payment from Alice Rivera for the sale of July 5, less the return of July 9 and less the cash discount. 15 Recorded sales on credit cards for the two-week period ended July 15, $10,400 the bank charges a 3 percent fee on all credit card sales. The cost of merchandise sold was $8,300. 17 Purchased merchandise on account from American Rags for $5,000, subject to trade discounts of 40 percent and 10 percent, terms 1/10, n/30, Invoice 2078. 26 Paid amount owed to American Rags for the purchase of July 17, Check 1285