Journal entries for various transactions. The transactions below relate to Wendy's International, Inc., a restaurant chain. Express each transaction in journal entry form. If an entry is not required, indicate the reason. You may omit explanations for the journal entries.

(1) The firm places an order for restaurant supplies totaling \(\$ 1,600,000\) to be delivered next month.

(2) The firm receives the supplies ordered in transaction (1) on open account.

(3) The firm discovers supplies received in transaction (2) costing \(\$ 40,000\) are defective and returns them to the supplier for full credit.

(4) The firm pays for some of the purchases in transactions (1) and (2) originally invoiced for \(\$ 1,400,000\) in time to take advantage of 2-percent discounts for prompt payment. The firm treats discounts taken as a reduction in the cost of supplies.

(5) The firm pays for the remaining purchases-see transactions (1) through (4).

(6) The firm places an order, totaling \(\$ 900,000\), for refrigerated salad bars for its restaurants. It pays \(\$ 200,000\) at the time of signing the contract and agrees to pay the remainder at delivery.

(7) The firm receives the salad bars ordered in transaction (6) and pays the amount due.

(8) The firm pays \(\$ 27,000\) to install the salad bars in its restaurants.

(9) The firm discovers that salad bars costing \(\$ 22,000\) are defective and returns them to the supplier, expecting a cash refund.
(10) The firm receives a check for \(\$ 22,000\) from the supplier in transaction (9).