October 7 October 8 Sold $1,200 of merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720. Purchased merchandise, $10,000; terms FOB shipping point, 2/15, n/30; with prepaid freight charges of $525 added to the invoice. 1. Using the periodic inventory system. If an amount box does not require an entry, leave it blank. October 7 October 8 < 2. Using the perpetual inventory system. If an amount box does not require an entry, leave it blank. October 7 October 7 October 8