1. Prepare journal entries for UB to record the business transactions described below that took place in September 2021. Ignore income taxes. [10 marks) On September 14, UB placed an order with McGraw-Hill to purchase 120 accounting textbooks at a per unit cost of $110 each, under terms 2/10, n/30. The textbooks were received the same day. Account Names Debit Credit Inventory 13200 Accounts payable 13200 13200 Accounts payable Cash Inventory 12936 264 On September 4th, UB returned 20 of the accounting textbooks to the publisher as they did not come with the Connect access code attached to the book. Account Names Debit Credit Sales returns and allowances 2156 Cash 2156 I . On September 5th, UB complained to McGraw Hill about the condition of the accounting textbooks, as some of them were damaged slightly during shipping. McGraw Hill granted UB an allowance of $1,000 Account Names Debit Credit Sales returns and allowances 1000 Cash 1000 . On September 6th, UB paid McGraw-Hill for the amount owing on the accounting textbooks Account Names Debit Accounts payable 10780 Cash Credit 10780