Selected transactions follow for Munchies 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 4 Sold $1,138 of merchandise to Andrew Noren on account, terms n/30. The goods had cost Munchies $766. Andrew Noren returned for credit $141 of the merchandise purchased on February 2. The goods had cost Munchies $86 and they were returned to inventory. 5 8 Sold $755 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Munchies $493. Sold $844 of merchandise to Michael Collins for cash. The goods had cost Munchies $626. 10 Sold $922 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Munchies $681. 22 22 Dong Corporation paid its account in full. 24 Andrew Noren purchased an additional $700 of merchandise on account, terms n/30. The goods had cost Munchies $412. 27 28 Sold $1,726 of merchandise to Batstone Corporation, terms n/30. The goods had cost Munchies $1,113. Andrew Noren paid $997 on account.