The following were selected from among the transactions completed by Southmont Company during April of the current year:

Apr. 3. Purchased merchandise on account from Mandell Co., list price $30,000, trade discount 40%, terms FOB destination, 2/10, n/30.

4. Sold merchandise for cash, $12,800. The cost of merchandise sold was $7,600.

5. Purchased merchandise on account from Quinn Co, $18,750, terms FOB shipping point, 2/10, n/30, with prepaid transaction costs of $715 added to the invoice.

6. Returned $3,500 of merchandise purchased on April 3 from Mandell Co.

11. Sold merchandise on account to Campo. Co., list price $6,000, trade discount 20%, terms 1/10, n/30. The cost of merchandise sold was $3,200.

13. Paid Mandell Co. on account for purchase of April 3, less return of April 6 and discount.

14. Sold merchandise on VISA, $52, 700. The cost of merchandise sold was $31,500.

15. Paid Quinn Co. on account for purchase of April 5, less discount.

21. Received cash on account from sale of April 11 to Campo Co., less discount.

24. Sold merchandise on account to Elkins Co, $8,150, terms 1/10, n/30. The cost of merchandise sold was $4,500.

28. Paid VISA service fee of $1,500.

30. Received merchandise returned by Elkins Co. from sale on April 24, $1,200. The cost of the returned merchandise was $900.