Slopes Sales Company had the following transactions during August $2020,$ the first month of the company's fiscal year. Assume the company had no inventory on hand prior to August $3.$

Slope Sales Company uses a perpetual inventory system.

$\backslash$table$[[$Aug$.,3,\backslash$table$[[$Purchased inventory costing $$7,000$ on credit terms of $\frac{2}{10},$ net eom. The good's were$],[$shipped FOB Slope's warehouse.$]]],[,9,\backslash$table$[[$shipped FOB Slope's warenouse.$],[$Returned $20$ percent of the inventory purchased on August $3.$ It was defective.$]]],[,12,\backslash$table$[[$Returned $20$ percent of the invent Soods for cash, $$6,000($cost$,$ $$3,000).]]],[,15,\backslash$table$[[$Sold goods for cash, $$6,000($cost$,$ $$3,000).],[$Purchased inventory of $$15,400,$ less a $$400$ quantity discount. Credit terms were $\frac{2}{15},],[$n$/30.$ The goods were shipped FOB Shipping point.$]]],[,16,\backslash$table$[[\frac{n}{30}.$ The goods were shipped FOB Shipping point.$],[$Paid a $$1,200$ freight bill on the inventory purchased on August $15.],[($cost$.$ $$4,500).]]],[,18,$Paid a $$1,200$ freight bill on the inventory for $$9,000$ on credit terms of $\frac{2}{10},\frac{n}{30}($cost$,$ $$4,500).],[,22,\backslash$table$[[$Sold inventory for $$9,000$ on credit terms of $18$ sale, $$2,000$