12 Assignment6 13 14 1) Sept1 sold inventory to JenAir for $6000 (cost is $4200) term 2/10, n/30 22 23 2) Sep2, business purchased $3,000 merchandise inventory from Skylimit Inc. 24 Term 1/10, n/30 FOB 27 28 3) Sep3 business paid the delivery cost $430 for shipping the Sep1 inventory to 29 JenAir 32 33 4) Sep4 Skylimit sent a $250 debit memo to business for the Sep2, 2020 34 Inventory purchase. 37 38 5) Sept9 sold inventory to Dennis for $1800 ( cost of sales $1500) term 2/10, n/30 39 Terms: 2/15, n/30 45 16 6) Sept13, busines collected amount from JenAir in full 29 507) Sep12, business paid Skylimit in full 5 6 8) Sep14, business bought $5,500 from PacificEast Inc. 7 Terms: 2/5, n/30 FOB 1 2 9) Sep15, business issued a credit memo $375 to Dennis for the Sep9 inventory sales 5 6 10) Sep21, business paid Pacifice East in full 9 11) Sept24, collected amount owing from Dennis 5