Presented here are selected transactions for Dunder Mifflin Company during April. Dunder Mifflin uses the perpetual inventory system.

• April 1: Purchased merchandise from Merchant Company for $1,200, on account.
• April 3: Returned $100 of the items purchased on April 1.
• April 5: Sold merchandise to Vance Refrigeration for $2,000, on account. The merchandise sold had a cost of $1,250.
• April 8: Of the merchandise sold on April 5, $300 of it was returned . The items had cost Dunder Mifflin $185.
• April 13: Paid for the merchandise purchased on April 1.
• April 18: Received payment in full from Vance Refrigeration, related to April 5 sale.

Required:

Using the attached template file, prepare a tabular summary to the record transactions for Dunder Mifflin listed above.