Nicole's Getaway Spa (NGS) has been so successful that Nicole hasdecided to expand her spa by selling merchandise. She sells thingssuch as nail polish, at-home spa kits, cosmetics, and aromatherapyitems. Nicole uses a perpetual inventory system and is starting torealize all of the work that is created when inventory is involvedin a business. The following transactions were selected from amongthose completed by NGS in August.

Aug. 2	Sold 10 items of merchandise to Salon World on account at a sellingprice of $1,000 (total); terms 2/10, n/30. The goods cost NGS$650.
Aug. 3	Sold 5 identical items of merchandise to Cosmetics R Us on accountat a selling price of $500 (total); terms 2/10, n/30. The goodscost NGS $400.
Aug. 6	Cosmetics R Us returned one of the items purchased on August 3. Theitem could still be sold by NGS in the future, and credit was givento the customer.
Aug. 10	Collected payment from Salon World, fully paying off the accountbalance.
Aug. 20	Sold two at-home spa kits to Meghan Witzel for $300 cash. The goodscost NGS $96.
Aug. 22	Cosmetics R Us paid itsremaining account balance in full.