The followings are the merchandise transactions happened under perpetual inventory system 1) Nov1, Business purchased $6,350 of inventory from Belton Co. Terms 1/10, n/20 FOB 2) Nov2, Business sold $7800 inventory to Tessler's Co, the cost is $1370. Terms 2/5, n/15 FOB 3) Nov3, Business purchased $1000 of inventory from Anvil's Inc., paid in cash 4) Nov7, Business Received money from Tessler's Co. 5) Nov9, business purchased inventory $4830 from Harris Co., Terms: 1/5, n/10, FOB 6) Nov11 Business paid the Belton Co. in full 7) Nov30, paid Harris Co for the Nov9th purchase 8) Nov30, business returned $500 inventory purchased from Anvil's Inc on Nov3.