Pierre Imports uses the perpetual system in accounting for merchandise inventory and had the following transactions during the month of October.

Oct.2Purchased merchandise at a $4,300 price ($4,214 net), invoice dated October 2, terms 2/10, n/30.10Returned $650 ($637 net) of merchandise purchased on October 2, and debited its accounts payable for that amount.17Purchased merchandise at a $8,000 price ($7,840 net), invoice dated October 17, terms 2/10, n/30.27Paid for the merchandise purchased on October 17, less the discount.31Paid for the merchandise purchased on October 2.