Purchased merchandise inventory on account from Valsad Company, $11,000. Terms 2/10, n/EOM, FOB shipping point. Nov. 6 Paid freight bill of $120 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Valsad Company. Nov. 10 Sold merchandise inventory for cash, $1,500. Cost of goods, $600. FOB destination. Nov. 11 Sold merchandise inventory to Gilmore Corporation, $10,900, on account, terms 3/10, n/EOM. Cost of goods, $5,995. FOB shipping point. Nov. 12 Paid freight bill of $40 on November 10 sale. Nov. 13 Sold merchandise inventory to Cabot Company, $9,200 on account, terms of n/45. Cost of goods, $4,600. FOB shipping point. Nov. 14 Paid the amount owed on account from November 4, less return and discount. Nov. 17 Received defective inventory as a sales return from the November 13 sale, $100. Cost of goods, $50. Nov. 18 Purchased inventory of $4,100 on account from Russo Corporation. Payment terms were 3/10, n/30, FOB destination. Nov. 20 Received cash from Gilmore Corporation, less discount. Nov. 26 Paid amount owed on account from November 18, less discount. Nov. 28 Received cash from Cabot Company, less return. Nov. 29 Purchased inventory from Sanders Corporation for cash, $12,000, FOB shipping point. Freight in paid to shipping company, $200.