Nomura Sales, a medical supplies wholesaler, entered into the following transactions (the business uses the perpetual inventory system):

Required:
Prepare journal entries to record the preceding transactions.

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Date 1 Aug. 3 5 8 9 10 15 30 Transaction Purchased $5500 of medical supplies on credit from Nead Company. Returned $220 of defective medical supplies purchased on 1 August from Nead Company for credit. Sold $2200 of medical supplies on credit to P. & H. Drugs. The cost of the inventory sold was $1200. Granted $330 credit to P. & H. Drugs for return of medical supplies purchased on 5 August. The cost of the inventory returned was $180. Purchased $1100 of medical supplies for cash. Paid balance due to Nead Company for purchase of 1 August. Received balance due from P. & H. Drugs for medical supplies purchased on 5 August. Sold $880 of merchandise to customers for cash. The cost of the inventory sold was $500.