Record in journal form the following transactions, assuming the perpetual inventory system is used.

Aug. 4: Sold merchandise on credit to Hunt Corporation, terms n/30, FOB destination, $ 1,200. (Cost = $ 720)

Aug. 5: Paid transportation costs for sale of August 4, $ 110.

Aug. 9: Part of the merchandise sold on August 4 was accepted back from Hunt Corporation for full credit and returned to the merchandise inventory, $ 350. (Cost = $ 210)

Sept. 3: Received payment in full from Hunt Corporation for merchandise sold on August 4, less the return on August 9.