The following were selected from among the transactions completed by Hamel Company during December of the current year:
Dec. 5. Purchased merchandise on account from Deepwater Co., $18,750, terms FOB destination, 2/10, n/30.
6. Sold merchandise on account to Breck Co., list price $21,000, trade discount 30%, terms 3/10, n/30. The cost of the goods sold was $9,000.
7. Returned $3,000 of merchandise purchased on December 5 from Deepwater Co.
15. Paid Deepwater Co. on account for purchase of December 5, less return of December 7 and discount.
16. Received cash on account from sale of December 6 to Breck Co., less discount.
22. Sold merchandise on account to Smith River Co., $15,400, terms 2/10, n/30.
The cost of the goods sold was $9,000.
28. Received merchandise returned by Smith River Co. from sale on December 22, $2,400. The cost of the returned merchandise was $1,400.
Instructions
Journalize the transactions, assuming the use of the perpetual inventory system.