Sheridan Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Bramble Ltd. for $34,500, terms 2/10, n/30, FOB shipping point. 6 The appropriate company paid freight costs of $600 on the merchandise purchased on April 3. 7 Purchased supplies on account for $5,800. 8 Returned merchandise to Bramble and received a credit of $4,300. The merchandise was returned to inventory for future resale. 30 Paid the amount due to Bramble in full. Additional information: 1. The cost of the merchandise sold on April 3 was $23,500. 2. The cost of the merchandise returned on April 8 was $2,820. 3. Bramble uses a perpetual inventory system. (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise returned) (To record cost of merchandise returned)