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Presented below are selected transactions for Whispering Winds Company during September and October of the current year. Whispering Winds uses a periodic inventory system. Sept.

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Presented below are selected transactions for Whispering Winds Company during September and October of the current year. Whispering Winds uses a periodic inventory system. Sept. 1 Purchased merchandise on account from Hillary Company at a cost of $51,000, FOB destination, terms 1/15,6/30. 2 The correct company paid $2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. 5 Returned for credit $2,800 of damaged goods purchased from Hillary Company on September 1. 15 Sold the remaining merchandise purchased from Hillary Company to Irvine Company for $96,400, terms 2/10,n/30, FOB destination. 16 The correct company paid $2,100 of freight charges on the September 15 sale of merchandise. 17 Issued Irvine Company a credit of $5,600 for returned goods. These goods had cost Whispering Winds 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 $55,000, terms 2/10,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 $2,100 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 $106,000, terms 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 $2,400 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. Record the September and October transactions for Whispering Winds Company. Assume that Norlan uses the earnings approach

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