Presented below are selected transactions for Culver Company during September and October of the current year. Culver uses a periodic inventory system. Sept. 1 Purchased merchandise on account from Hillary Company at a cost of \( \$ 47,000 \), FOB destination, terms \( 1 / 15, n / 30 \). 2 The correct company paid \$2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. 5 Returned for credit \$3,000 of damaged goods purchased from Hillary Company on September 1. 15 Sold the remaining merchandise purchased from Hillary Company to Irvine Company for \( \$ 88,000 \), terms \( 2 / 10 \), \( \mathrm{n} / 30 \), FOB destination. 16 The correct company paid \$1,800 of freight charges on the September 15 sale of merchandise. 17 Issued Irvine Company a credit of \$6,000 for returned goods. These goods had cost Culver Company \$3,000 and were returned to inventory. 25 Received the balance owing from Irvine Company for the September 15 sale. 30 Paid Hillary Company the balance owing for the September 1 purchase. Oct. 1 Purchased merchandise on account from Kimmel Company at a cost of \( \$ 56,000 \), terms \( 2 / 10 \), n/30, FOB shipping point. 2 The correct company paid freight costs of \$1,100 on the October 1 purchase. 3 Obtained a purchase allowance of \$2,900 from Kimmel Company to compensate for some minor damage to goods purchased on October 1. 10 Paid Kimmel Company the amount owing on the October 1 purchase. 11 Sold all of the merchandise purchased from Kimmel Company to Kieso Company for \( \$ 106,200 \), terms \( 2 / 10 \), n/30, FOB shipping point.