Required information [The following information applies to the questions displayed below.] Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactions during the month of October. October 2 Purchased merchandise at a $4,000 price ($3,920 net), invoice dated October 2 , terms 2/10, n/30. October 10 Returned $500 ( $490 net) of merchandise purchased on October 2 and debited its accounts payable for that amount. October 17 Purchased merchandise at a $7,400 price (\$7,252 net), invoice dated October 17 , terms 2/10,n/30. October 27 Paid for the merchandise purchased on October 17, less the discount. October 31 Paid for the merchandise purchased on October 2