Record the following transactions using the perpetual inventory method and the gross method for purchase and sales discounts

On April 1, Company A purchased $2,000 merchandise on account, terms 2/15, n/45.

On April 8, Company A returned $200 worth of merchandise and received full credit.

On April 28, Company A paid the balance due on the above merchandise.

On May 1, Company A sold $800 of merchandise to a customer on account, terms 3/10,net/30. The cost of the merchandise sold was $250