Novak Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from DeVito Ltd. for $26,320, terms n/30, FOB shipping point. 6 The appropriate company paid freight costs of $658 on the merchandise purchased on April 3. 7 Purchased supplies on account for $4,700. 8 Returned merchandise to DeVito and received a credit of $3,290. The merchandise was returned to inventory for future resale. 30 Paid the amount due to DeVito in full. Date Account Titles and Explanation Debit Credit