Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System

The following selected transactions were completed during April between Swan Company and Bird Company:

Apr. 2.	Swan Company sold merchandise on account to Bird Company, $16,100, terms FOB shipping point, 1/10, n/30. Swan Company paid freight of $510, which was added to the invoice. The cost of the merchandise sold was $10,100.
8.	Swan Company sold merchandise on account to Bird Company, $22,000, terms FOB destination, 2/15, n/30. The cost of the merchandise sold was $13,200.
8.	Swan Company paid freight of $700 for delivery of merchandise sold to Bird Company on April 8.
12.	Bird Company paid Swan Company for purchase of April 2
18.	Swan Company paid Bird Company a refund of $2,000 for defective merchandise in the April 2 purchase. Bird Company agreed to keep the merchandise.
23.	Bird Company paid Swan Company for purchase of April 8.
24.	Swan Company sold merchandise on account to Bird Company, $11,800, terms FOB shipping point, n/45. The cost of the merchandise sold was $7,100.
26.	Bird Company paid freight of $450 on April 24 purchase from Swan Company.