Oct1, 2019 Business owner Jacob purchased $53,200 inventory for the business from ISUKI Ltd. and paid it by his own bank money

2. Oct3, 2019 Business sold inventory $35,000 to Tim Bennett Ltd. on credit. The cost of the merchandise sold was $22,750. The term: 2/10, n/30

3. Oct4, 2019 Business received DHL bill for the delivery charges $400 regarding the Oct3, 2019 transaction, paid in cash

4. Oct7, 2019 Business issued a debit memo to Tim Bennett for a typing error that understated the total invoice by $1,000

5. Oct11, 2019 Business returned the defective $1,200 inventory to ISUKI.

6. Oct12, 2019 Tim Bennett returned $2,100 over-ordered inventory back (cost is 560). The return items were still in good condition.

7. Nov13, Business received Tim Bennetts money in full.