Oct 4.		Purchased merchandise on account from Burns Co., list price $50,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $850 added to the invoice.
7.		Purchased merchandise on account from Baker Co., $23,000, terms FOB destination, 2/10, n/30.
8.		Sold merchandise on account to Coat Co., $20,000, terms n/eom. The cost of the goods sold was $12,000.
10.		Returned $5,680 of merchandise purchased from Baker Co.
14.		Paid Burns Co. on account for purchase of October 4.
17.		Paid Baker Co. on account for purchase of October 7, less return of October 10.
21.		Received cash on account from sale of October 8 to Coat Co.
24.		Sold merchandise on MasterCard, $81,000. The cost of the goods sold was $46,000.
26.		Paid Coat Co. a cash refund of $4,000 for returned merchandise from sale of October 8. The cost of the returned merchandise was $2,540.
31.		Paid MasterCard service fee of $560.

REQUIRED: Using the Perpetual Inventory System, Net Method, prepare the journal entries for the above transactions

Purchases Cost of Merchandise Sold Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Purchases Cost of Merchandise Sold Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost