Marigold Home Electronics Corp. completed the following merchandising transactions in the month of July $2024.$ At the beginning of July, Marigold's ledger showed Cash $$20,000$; Accounts Receivable $$9,000$; Inventory $$11,000$; Common Shares $$18,000$; and Retained Earnings $$22,000.$ Marigold Home has experienced a return rate of $2\%$ of sales and uses a perpetual inventory system.

July $2$ Sold merchandise on account to Home Security Ltd$.$ for $$9,000,$ terms n$/45,$ FOB destination. The cost of the merchandise was $$6,000.$

$2$ Freight charges of $$200$ were paid by the appropriate party on the merchandise sold.

$4$ Purchased merchandise on account from AI Gadgets Inc. for $$14,000,$ terms $\frac{2}{10}.$ n$/30,$ FOB shipping point.

$5$ Freight charges of $$500$ were paid by the appropriate party on the merchandise purchased on July $4.$

$8$ Collected $$3,000$ of the accounts receivable outstanding at the beginning of the month. All accounts were originally sold on terms of $\frac{n}{30}.$

$9$ Paid a $$180$ cash refund to customers for returned merchandise. The cost of the returned merchandise was $$60.$ It was restored to inventory.

$11$ Received a $$800$ credit from Al Gadgets when merchandise was returned.

$13$ Sold merchandise to various customers for $$7,000$ cash. The cost of the merchandise was $$2,000.$

$16$ Purchased merchandise from Virtual Trainers Inc. for $$12,000,$ terms $\frac{n}{30},$ FOB destination.

$17$ Freight of $$200$ was paid by the appropriate party on the July $16$ purchase of merchandise.

$18$ Paid Al Gadgets in full.

$27$ Received payment in full from Home Security Ltd$.$ for merchandise sold on account on July $2.$

$30$ Purchased supplies for $$1,400$ cash.

$31$ A physical inventory count was taken and determined that there was $$28,000$ of inventory on hand. Prepare any adjustment required.