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Transactions of torres company

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Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method.

August 10
Purchased merchandise on account, $39,800, terms 2/10, n/30.
13
Returned part of the purchase of August 10, $1,600, and received credit on account.
15
Purchased merchandise on account, $41,800, terms 1/10, n/60.
25
Purchased merchandise on account, $50,200, terms 2/10, n/30.
28
Paid invoice of August 15 in full.

Reference no: EM131027750

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