Selected transactions follow for Kennel Sports Ltd, during the company's first month of business. The company expects a return rate of 8% and uses a perpetual inventory system. Feb 2 Sold $ 1.13B of merchandise to Andrew Noren on account, termsn/30. The goods had cost Kennel $ 772 4 Andrew Noren returned for credit $ 139 of the merchandise purchased on February 2. The goods had cost Kennel $ 84 and they were returned to inventory 5 Sold $ 758 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Kennel $493 Sold $ 845 of merchandise to Michael Collins for cash. The goods had cost Kennel $617 10 Sold $ 929 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Kennel $685. 22 Dong Corporation paid its account in full. 24 Andrew Noren purchased an additional $ 695 of merchandise an account, terms 1/30. The goods had cost Kennel $ 412 27 Sold $ 1,726 of merchandise to Batstone Corporation, terms n/30. The goods had cost Kennel $ 1,115. 28 Andrew Noren paid $ 999 on account