Sunland Stores is a new company that started operations on March $1,2024.$ The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March:

Mar. Sunland Stores purchases $$9,200$ of merchandise for resale from Octagon Wholesalers, terms $\frac{2}{10},\frac{n}{30},$ FOB shipping

$1$ point.

$2$ The correct company pays $$140$ for the shipping charges.

$3$ Sunland returns $$1,200$ of the merchandise purchased on March $1$ because it was the wrong colour. Octagon gives Sunland a $$1,200$ credit on its account.

$21$ Sunland Stores purchases an additional $$11,500$ of merchandise for resale from Octagon Wholesalers, terms $2/10,$ n$/30,$ FOB destination.

$22$ The correct company pays $$170$ for freight charges.

$23$ Sunland returns $$300$ of the merchandise purchased on March $21$ because it was damaged. Octagon gives Sunland a $$300$ credit on its account.

$30$ Sunland paid Octagon the amount owing for the merchandise purchased on March $1.$

$31$ Sunland paid Octagon the amount owing for the merchandise purchased on March $21.$