Question

Sunflower Soccer Club is a soccer club for dedicated youth soccer players. Use the following information and the t-accounts provided to record the club’s April purchase transactions, assuming it uses the perpetual inventory system.

• Sunflower purchased 320 engraved medals on account from Evans Engraving for $3.20 each on April 8. The terms of the purchase were 3/10, n/30. The medals were for the winners of a soccer tournament the following weekend.
• When Sunflower received the medals on April 12, it noticed the engraving was slightly crooked on 18 of the medals. Evans gave Sunflower a $16 purchase allowance related to those medals.
• Sunflower also noticed that 4 of the medals were incorrectly engraved. It returned those medals to Evans and requested a refund because it had overestimated the number of medals needed in the original order.
• On April 16, Sunflower paid Evans for the full amount owed on account.

Enter dollar values with no dollar sign and appropriate commas (e.g. 5,000). Every box in each t-account relates to a separate transaction and every box needs an answer. If there is no dollar value for the box, put a "0" in the space provided. If the t-account is not used, write "Blank" for the account title.  

ASSETS		=	LIABILITIES		+	EQUITY
+	-		-	+		-	+