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1 Prepare journal entries for Houston Sound (the purchaser) for the following 2 transactions: 3 August 25. Houston Sound purchased various items at a purchase

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1 Prepare journal entries for Houston Sound (the purchaser) for the following 2 transactions: 3 August 25. Houston Sound purchased various items at a purchase price of: ss 52,080 6XYZ's (the seller) cost for the items purchased was: >$ 37,200 Purchase terms are 2/10,n/30 (2 points). 9 10 11 12 September 1. Houston Sound returned the following amount of inventory to 19 XYZ 14 $ 17,360 15 XYZ's cost of the inventory that was returned was: 12,400 (2 points) 16 17 18 19 20 September 3. Houston Sound paid for the following amount of the inventory: 22,320 (3 points). 21 5 22 23 24 25 25 September 19. Houston Sound paid for the following amount of the inventory: 12,400 (2 points) 27 S 28 30

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