Presented here are selected transactions for Toth Company during September of the current year. Toth Company uses a perpetual inventory system. Toth Company estimates a return rate of 5% based on past experience. Sept. 2346 7 00 8 9 10 17 20 21 22 23 28 Purchased equipment on account for $70,800, terms n/30, FOB destination. Freight charges of $1,030 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,600 cash. Purchased inventory on account from Southlake Corp. at a cost of $67.900, terms 1/15.n/30, FOB shipping point Freight charges of $1.600 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $5.200 that were originally purchased from Southlake Corp. on September 6. Received a credit on account. Sold goods costing $14.400 to Fischer Limited for $21.300 on account. terms n/30. FOB destination Freight charges of $380 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Southlake Corp. the balance due Purchased inventory for $6.500 cash. Sold inventory costing $21.700 to Kun-Tai Inc. for $29,600 on account, terms n/30. FOB shipping point. Freight charges of $600 were paid by the appropriate party on the September 22 sale of inventory Kun-Tai returned goods sold for $960 that cost $810. The merchandise was restored to inventory