Koda Company is a wholesale company that had the following purchase and sales transactions related to its merchandise inventory during the month of May.

May 1	Purchased $20,000 of merchandise on account from Webber Mfg. Co. Credit terms: 2/10, n/30. FOB shipping point
2	Received and paid the $1,000 shipping bill from Interstate Shipping for the goods purchased on March 1
6	Received a credit memo for the return of $5,000 of the goods purchased on March 1, which had arrived damaged.
10	Paid Webber Mfg. Co. the amount due.
15	Sold merchandise on account to Dover Company for $5,000. The cost of the merchandise was $3,000 (cost is 60% of the retail value). Terms: 2/10, n/30; FOB Destination
16	Paid Crosstown Shipping $100 to deliver the goods sold on March 15
17	Dover returned $1,000 of the goods they purchased on March 15. You had sent them the wrong merchandise.
24	Received the amount due from Dover Co.

Requirement: Record the transactions assuming Koda Company uses perpetual inventory system

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