Rolling Stones Company uses the perpetual inventory system. The following is a list of the selected transactions for the month of August, 2021

Aug 1. Purchased merchandise from Jagger Company for $25.000, on account terms: 1/10, 1/45, FOB shipping point. 2. The freight charges on the purchase of August 1 was $300. 3. Returned merchandise purchased on August 1 from Jagger Company that cost $1,200. 4. Sold merchandise to Richards Corporation for $3,800 on account, terms: 2/10, n/60 FOB shipping point. The merchandise cost $1,700. 7. Sold merchandise that cost $500 for $900 cash. 8. Paid the balance due to Jagger Company.

11. Richards Corporation returned $200 of merchandise from the August 4 sale. The merchandise, valued at $110, was returned to inventory. 13. Received the balance due from Richards Corporation.

Record journal entries for the transactions above. Explanations are NOT required. For any transactions that require calculations, show them in the space where explanations usually appear.