Olaf Corp. uses a perpetual inventory system. The company had the following inventory transactions in April:

April	3		Purchased merchandise from Flounder Ltd. for $30,700, terms 1/10, n/30, FOB shipping point.
	6		The appropriate company paid freight costs of $660 on the merchandise purchased on April 3.
	7		Purchased supplies on account for $5,490.
	8		Returned damaged merchandise to Flounder and was given a purchase allowance of $3,700. The merchandise was repaired by Flounder and returned to inventory for future resale.
	30		Paid the amount due to Flounder in full.

1.		The cost of the merchandise sold on April 3 was $18,030.
2.		The cost of the merchandise returned on April 8 was $2,400.
3.		Flounder uses a perpetual inventory system.

ecord the transactions in the books of Flounder. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 3
	(To record credit sale)
3
	(To record cost of merchandise sold)
6
7
8
	(To record return of goods)
8
	(To record cost of merchandise returned)
30