Presented below are selected transactions for Martinez Company during September and October of the current year. Martinez uses a

perpetual inventory system and the earnings approach.

Sept. $1$ Purchased merchandise on account from Hillary Company at a cost of $$51,000,$ FOB destination, terms $\frac{1}{15},\frac{n}{30}.$

$2$ The correct company paid $$2,000$ of freight charges to Trucking Company on the September $1$ merchandise purchase.

$5$ Returned for credit $$3,000$ of damaged goods purchased from Hillary Company on September $1.$

$15$ Sold the remaining merchandise purchased from Hillary Company to Irvine Company for $$94,400,$ terms $\frac{2}{10},\frac{n}{30},$

FOB destination.

$16$ The correct company paid $$2,800$ of freight charges on the September $15$ sale of merchandise.

$17$ Issued Irvine Company a credit of $$5,900$ for returned goods. These goods had cost Martinez Company $$3,000$ and

were returned to inventory.

$25$ Received the balance owing from Irvine Company for the September $15$ sale.

$30$ Paid Hillary Company the balance owing for the September $1$ purchase.

Oct. $1$ Purchased merchandise on account from Kimmel Company at a cost of $$56,000,$ terms $\frac{2}{10},\frac{n}{30},$ FOB shipping point.

$2$ The correct company paid freight costs of $$1,100$ on the October $1$ purchase.

$3$ Obtained a purchase allowance of $$2,500$ from Kimmel Company to compensate for some minor damage to goods

purchased on October $1.$

$10$ Paid Kimmel Company the amount owing on the October $1$ purchase.

$11$ Sold all of the merchandise purchased from Kimmel Company to Kieso Company for $$105,000,$ terms $\frac{2}{10},$ n$/30,$ FOB

shipping point.

$12$ The correct company paid $$800$ freight costs on the October $11$ sale.

$17$ Issued Kieso Company a sales allowance of $$2,300$ because some of the goods did not meet Kieso's exact specifications.

$31$ Received a cheque from Kieso Company for the balance owing on the October $11$ sale.

Prepare journal entries to record the above transactions for Martinez Company.