02/01Included in WWC's February 1 Accounts Receivable balance is a $1,800 account due from Kit Kat, a WWC customer. Kit Kat is having cash flow problems and cannot pay its balance at this time.WWC arranges with Kit Kat to convert the $1,800 balance to a note, and Kit Kat signs a 6-month note, at 10% annual interest. The principal and all interest will be due and payable to WWC on August 1, 2012.

02/02WWC paid a $650 insurance premium covering the month of February.The amount paid is recorded directly as an expense.

02/05An additional 140 units of inventory are purchased on account by WWC for $10,500 - terms 2/15, n30.

02/05WWC paid Federal Express $420 to have the 140 units of inventory delivered overnight.Delivery occurred on 02/06.

02/10Sales of 110 units of inventory occurred during the period of 02/07 - 02/10. The sales terms are 2/10, net 30.

02/15The 35 units that were paid for in advance and recorded in January are delivered to the customer.

02/1520 units of the inventory that had been sold on 2/10 are returned to WWC.The units are not damaged and can be resold. Therefore, they are returned to inventory.Assume the units returned are from the 2/05 purchase.

02/16WWC pays the first 2 weeks wages to the employees. The total paid is $2,500.02/17Paid in full the amount owed for the 2/05 purchase of inventory.WWC records purchase discounts in the current period rather than as a reduction of inventory costs.

02/18Wrote off a customer's account in the amount of $1,150.02/19$3,200 of rent for January and February was paid. Because all of the rent will soon expire, the February portion of the payment is charged directly to expense.

02/19Collected $8,300 of customers' Accounts Receivable. Of the $8,300, the discount was taken by customers on $5,000 of account balances; therefore WWC received less than $8,300.

02/26WWC recovered $430 cash from the customer whose account had previously been written off (see 02/18).

02/27A $650 utility bill for February arrived.It is due on March 15 and will be paid then.

02/28WWC declared and paid a $900 cash dividend.

Adjusting Entries:02/29Record the $2,500 employee salary that is owed but will be paid March 1.

02/29WWC decides to use the aging method to estimate uncollectible accounts.WWC determines 8% of the endingbalance is the appropriate end of February estimate of uncollectible accounts.

02/29Record February interest expense accrued on the note payable.02/29Record one month's interest earned Kit Kat's note (see 02/01).

Question:

For 02/10 journal entries, how do you record the cost of goods sold for 110 Units