Selected transactions follow for Toy Co 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 Toy Co $762. 4 Andrew Noren returned for credit \$141 of the merchandise purchased on February 2. The goods had cost Toy Co $85 and they were returned to inventory. 5 Sold $757 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Toy Co $490. 8 Sold $838 of merchandise to Michael Collins for cash. The goods had cost Toy Co $624. 10 Sold $915 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Toy Co $676. 22 Dong Corporation paid its account in full. 24 Andrew Noren purchased an additional $689 of merchandise on account, terms n/30. The goods had cost Toy Co $410. 27 Sold \$1,746 of merchandise to Batstone Corporation, terms n/30. The goods had cost Toy Co \$1,108. 28 Andrew Noren paid $988 on account. (To record cost of goods sold) (To record sales) (To record cost of goods sold)