On July $1,2024,$ Grouper Gifts had the following accounts receivable:

College Sales $$2,000$

Chutes Company $20,000$

Burks Shell Ltd$.2,400$

Grouper$$s normal credit terms are $2/10,$ n$/30$ and interest on late accounts is $30\%.$ Grouper uses

the periodic inventory system.

During July $2024,$ the following transactions occurred:

July $2$ College purchased goods for $$1,750,$ FOB destination.

$3$ The appropriate party paid $$45$ for freight on the College purchase.

$11$ Chutes paid one$-$half of its account, within $30$ days of the sale.

$12$ College paid its account in full.

$15$ Burks purchased goods for $$8,550,$ FOB shipping point.

$15$ The appropriate party paid $$100$ for freight on the Burks purchase.

$31$ Interest was calculated and added to all accounts that are past due.