Please help!!

Mathis Company and Reece Company use the perpetual inventory system. The following transactions occurred during the month of April:

1. On April 1, Mathis purchased merchandise on account from Reece with credit terms of 2/10, n/30. The selling price of the merchandise was $2,900, and the cost of the merchandise sold was $2,450.
2. On April 1, Mathis paid freight charges of $100 cash to have the goods delivered to its warehouse.
3. On April 8, Mathis returned $1,000 of the merchandise, which had originally cost Reece $700.
4. On April 10, Mathis paid Reece the balance due.

Kecording Purchase Transactions Wathis Company and Reece Company use the perpetual irventory system. The following transactions occurred during the month of Aprilt 9. On April 1. Mathis purchased merchandise on account from Reece with credit terms of 2/10, N/30. The seiling price of the merchandise was s2, 900, and the cont of the merchandise sold was 52.450. b. On April 1. Mathis paid freight charges of $100 cash to have the goods delivered to its warehouse: 6. On April B, Mathls returned $1,000 of the merchandise, which had orieinally cost Reece $700. d. On April 10, Mathis paid Reece the balance due. Required: (Paid accounts payable within discount period) F Check My Wok Mathis is the buyer. From the buyer's perspective, the historical cost principle implies that inventory cost will include the purchase price of the inventory plus an goods to a salable condicion and locition. Fendtad * Cheok Mrwom Partialy correct