Nittany Lion Co. is a retail business that uses the perpetual inventory system. The account balances for Nittany Lion as of October 1, 2023 (unless otherwise indicated), are as follows: During October, the last month of the fiscal year, the following transactions were completed: 1. Paid rent for October, $4,000. 3. Purchased merchandise on account from Thor Co., terms 1/10, n/30, FOB shipping point, $36,000. 4. Paid freight on purchase of October 3, $600. 6. Sold merchandise on account to Nala Co., terms 3/10, n/30, FOB shipping point, $68,500. The cost of the goods sold was $41,000. 7. Received $22,300 cash from Perry Co. on account. 10. Sold merchandise for cash, $54,000. The cost of the goods sold was $32,000. 13. Paid for merchandise purchased on October 3. 15. Paid advertising expense for last half of October, $10,000. 16. Received cash from sale of October 6. 19. Purchased merchandise for cash, $18,700. 19. Paid $33,450 to Apollo Co. on account. 20. Paid Nala Co. a cash refund of $13,095 for re