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Sales-Related and Purchase-Related Transactions for Seller andBuyer Using Perpetual Inventory System

The following selected transactions were completed during Aprilbetween Swan Company and Bird Company:

Apr.2.	Swan Company sold merchandise on account to Bird Company,$13,600, terms FOB shipping point, 2/10, n/30. Swan Company paidfreight of $265, which was added to the invoice. The cost of themerchandise sold was $8,600.
8.	Swan Company sold merchandise on account to Bird Company,$29,000, terms FOB destination, 1/15, n/30. The cost of themerchandise sold was $17,400.
8.	Swan Company paid freight of $680 for delivery of merchandisesold to Bird Company on April 8.
12.	Bird Company paid Swan Company for purchase of April 2.
18.	Swan Company paid Bird Company a refund of $2,000 for defectivemerchandise in the April 2 purchase. Bird Company agreed to keepthe merchandise.
23.	Bird Company paid Swan Company for purchase of April 8.
24.	Swan Company sold merchandise on account to Bird Company,$14,300, terms FOB shipping point, n/45. The cost of themerchandise sold was $8,600.
26.	Bird Company paid freight of $420 on April 24 purchase fromSwan Company.
30.	Swan Company granted a customer allowance (credit memo) to BirdCompany for $11,300 for merchandise that was returned from theAugust 24 purchase. The cost of the merchandise returned was$6,500.