The followig transactions occured in April and May. Both companies use a perpetual inventory system.

April $5$ Pharoah company purchased merchandise from Sheridan company for $$11,900,$ terms $2/10,$ n$/30,$ FOB shipping point. Sheridan had paid $$8,500$ for the merchandise.

APR $6$ The correct company paid freight costs of $$400$

Apr $8$ Pharoah company returned daamaged merchandise to Sheridan company and was given a purchase allowance of $$2000.$ Sheridan determined the merchandise could not be repaired and sent it to the recyclers. The merchandise ad cost Sheridan $$1,429.$

May $4$ pharoah paid the amount due to sheridan company in full.