RIHET Whispering Winds Warehouse distributes suitcases to retail stores and extends credit term of 30 toto santomer Whispering Winds Warehoust uses a perpetual inventory system the earnings approach the end of Janeitary comited of 30 suitcases purchased at $30 each. During the month of July. the following merchandising tractions occurred July 1 2 4 10 12 Purchased 50 suitcases on account for $30 each from Trunk Manufacturers, terris 1/30, vos destination The correct company paid $130 freight on the July 1 purchase Received $150 credit for five suitcases returned to Trunk Manufacturers because they were maged Sold 45 suitcases that cost $30 each to Satchel World for $65 each on account. Issued a $325 credit for five suitcases returned by Satchel World because they were the wrong colour. The stones were returned to inventory Purchased 60 additional suitcases from Trunk Manufacturers for $27.50 each terma 130. FOB shipping point Paid $150 freight to AA Trucking Company for merchandise purchased from Trunk Manufacturers Sold 57 suitcases that cost $30 each to Fly By Night for $65 each on account Gave Fly By Night a 5130 credit for two returned suitcases. The suitcases had been damaged and were sent to the recyclers. 15 18 ING 21 1940 A0 23 O