The transactions listed below occurred in September 2018 for Aquamarines. Aquamarines uses the perpetual inventory system and estimates sales returns at the end of each month.

1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on General Ledger. 3) Click Submit Work when complete.

09/03/2018 - Purchased merchandise inventory on account from Sharpner Wholesalers, $5,500. Terms 2/15, n/EOM, FOB shipping point.

09/04/2018- Paid freight bill of $85 on September 3 purchase.

09/04/2018- Purchased merchandise inventory for cash of $1,600.

09/06/2018- Returned $1,300 of inventory from the September 3 purchase.

09/08/2018- Sold merchandise inventory to Herman Company, $5,700, on the account. Terms 2/15, n/35. Cost of goods, $2,565 (record two separate transactions).

09/09/2018- Purchased merchandise inventory on account from Tucker Wholesalers, $6,000. Terms 3/10, n/30, FOB destination.

09/10/2018- Made payment to Sharpner Wholesalers for goods purchased on September 3, less the return and the discount.

09/12/2018- Received payment from Herman Company, less the discount.

09/13/2018- After negotiations, I received a $500 allowance from Tucker Wholesalers.

09/15/2018- Sold merchandise inventory to Jerome Company, $2,800, on the account. Terms n/EOM. Cost of goods, $1,200 (record two separate transactions).

09/22/2018- Made payment less allowance to Tucker Wholesalers for goods purchased on September 9.

09/23/2018- Jerome Company returned $200 of the merchandise sold on September 15. Cost of goods, $80 (record two separate transactions).

09/25/2018- Sold merchandise inventory to Small for $1,800 on account that costs $738. Terms of 3/10, n/30 were offered, FOB shipping point. As a courtesy to Small, $40 of freight was added to the invoice for which cash was paid by Aquamarines (record two separate transactions).

09/29/2018- Received payment from Small, less discount.

09/30/2018- Received payment from Jerome Company, less the return.