Selected transactions follow for Marx 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 $1,129 of merchandise to Andrew Noren on account, terms N/30. The goods had cost Marx $768. 4 Andrew Noren returned for credit $139 of the merchandise purchased on February 2 . The goods had cost Marx $86 and they were returned to inventory. 5 Sold $756 of merchand 1e to Dong Corporation on account, terms n/30. The goods had cost Marx $489. 8 Sold $842 of merchandise to Michael Collins for cash. The goods had cost Marx $626. 10 Sold $913 of merchandise to Rafik Kurii account, terms n/30. The goods had cost Marx $677. 22 Dong Corporation paid its account in full. 24 Andrew Noren purchased an additional $696 of merchandise on account, terms n/30. The goods had cost Marx $414. 27 Sold $1.750 of merchandise to Batstone Corporation, terms n/30. The goods had cost Marx $1.114 28 Andrew Noren paid $990 on account. Selected transactions follow for Marx 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 $1,129 of merchandise to Andrew Noren on account, terms N/30. The goods had cost Marx $768. 4 Andrew Noren returned for credit $139 of the merchandise purchased on February 2 . The goods had cost Marx $86 and they were returned to inventory. 5 Sold $756 of merchand 1e to Dong Corporation on account, terms n/30. The goods had cost Marx $489. 8 Sold $842 of merchandise to Michael Collins for cash. The goods had cost Marx $626. 10 Sold $913 of merchandise to Rafik Kurii account, terms n/30. The goods had cost Marx $677. 22 Dong Corporation paid its account in full. 24 Andrew Noren purchased an additional $696 of merchandise on account, terms n/30. The goods had cost Marx $414. 27 Sold $1.750 of merchandise to Batstone Corporation, terms n/30. The goods had cost Marx $1.114 28 Andrew Noren paid $990 on account