The following selected transactions were completed by Epic Co. during August of the current year: Aug. 3. Purchased merchandise for $33,400, terms FOB destination, 2/10, n/30. 9. Issued debit memorandum for $7,000 of merchandise returned from purchase on August 3. 10. Purchased merchandise, $25,000, terms FOB shipping point, n/eom. Paid freight of $600 on purchase. 13. Paid for invoice of August 3, less debit memorandum of August 9 and discount. 31. Paid for invoice of August 10. Instructions Illustrate the effects of each of the preceding transactions on the accounts and financial state- ments of Epic Co. Identify each transaction by date.