Prepare journal entries to record the following merchandising transactions of Hall's, which uses the perpetual inventory system.

August 1	Purchased merchandise from Thompson Company for $10,300 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
August 5	Sold merchandise to Garcia Corporation for $6,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $4,000.
August 8	Purchased merchandise from Wilson Corporation for $5,960 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
August 9	Paid $525 cash for shipping charges related to the August 5 sale to Garcia Corporation
August 10	Garcia returned merchandise from the August 5 sale that had cost Hall's $200 and was sold for $300. The merchandise was restored to inventory.
August 12	After negotiations with Wilson Corporation concerning problems with the purchases on August 8, Hall's received a credit memorandum from Wilson granting a price reduction of $800 off the $5,960 of goods purchased.
August 14	At Thompson's request, Hall's paid $600 cash for freight charges on the August 1 purchase, reducing the amount owed to Thompson.
August 15	Received balance due from Garcia Corporation for the August 5 sale less the return on August 10.
August 18	Paid the amount due Wilson Corporation for the August 8 purchase less the price allowance from August 12.
August 19	Sold merchandise to Zhang Company for $4,100 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $2,050.
August 22	Zhang requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Hall's sent Zhang a $500 credit memorandum toward the $4,100 invoice to resolve the issue.
August 29	Received Zhang's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30	Paid Thompson Company the amount due from the August 1 purchase.