P5.5B (LO 2, 3, 5) AP At the beginning of September 2021, Stojanovic Distributing Company's ledger showed Cash $12,500, Merchandise Inventory S7.500, and D. Stojanovic, Capital, $20,000. Stojanovic uses the perpetual inventory system and the earnings approach. During the month of September, the company had the following selected transactions: Sept. 2 Purchased $13,500 of merchandise inventory from Moon Supply Co., terms 1/15, n/30, FOB destination. 4 The correct company paid $325 cash for freight charges on the September 2 purchase. 5 Sold merchandise inventory to Brandon Retailers for $18,000. The cost of the merchan- dise was $11,310 and the terms were 2/10, n/30, FOB destination. 6 Issued a $1,400 credit for merchandise returned by Brandon Retailers. The merchandise originally cost $890 and was returned to inventory. 6 The correct company paid $420 freight on the September 5 sale. 8 Purchased $900 of supplies for cash. 10 Purchased $6,450 of merchandise inventory from Tina Wholesalers, terms 2/10, n/30, FOB shipping point. 10 The correct company paid $150 freight costs on the purchase from Tina Wholesalers. 12 Received a $450 credit from Tina Wholesalers for returned merchandise. 15 Paid Moon Supply Co. the amount due. 15 Collected the balance owing from Brandon Retailers. 19 Sold merchandise for $10,875 cash. The cost of this merchandise was $6,855. 20 Paid Tina Wholesalers the balance owing from the September 10 purchase. 25 Made a $750 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $470. The merchandise was damaged and could not be resold. 30 Sold merchandise to Dragen & Company for $6,420, terms n/30, FOB shipping point. Stojanovic's cost for this merchandise was $4,050