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Sandhill Corp. uses a perpetual inventory system. The company had the following inventory transactions in...

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Sandhill Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Martinez Ltd. for $33,500, terms 2/10,n/30, FOB shipping point. 6 The appropriate company paid freight costs of $600 on the merchandise purchased on April 3. 7 Purchased supplies on account for $4,300. 8 Returned merchandise to Martinez and received a credit of $3,300. The merchandise was returned to inventory for future resale. 30 Paid the amount due to Martinez in full. Additional information: 1. The cost of the merchandise sold on April 3 was $22,800. 2. The cost of the merchandise returned on April 8 was $2,145. 3. Martinez uses a perpetual inventory system. Record the transactions in the books of Martinez. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem. Ust aff debit entrles before credit entries) (To record credit sale) (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise retumed)

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