297 P6-3A. Wilson Chan has just taken over a business started by his aunt in Sarnia, Ontario, and moved the company to Regina, Saskatchewan. The company is called Chan's Imported Technology (CIT for short) and has all new customers in the Regina region. CIT specializes in the sale of three types of advanced electronic devices: cell phones (CP), tablet computers (TC), and smart watches (SW). Wilson wants his bookkeeper to record all sales into the Sales account. CIT's normal terms are 2/10, n/20, but a couple of customers have been granted special terms of 3/15, n/45. Here are the sales and sales-related transactions for CIT during its first month of operations in August 2022. All inventory sold has a cost of goods sold amount equal to 75% of the sale (for example, if $4,000 of product was sold, the cost of goods sold for that sale would be $3,000). 2022 Aug 2 Sold $4,000 (CP) and $5,500 (TC) to JIW Enterprises. Invoice No. 2001. Normal terms. 4 Sold $3,200 (CP), $1,600 (TC). and $2,600 (SW) to Case-5 Electronics. Invoice No. 2002. Special terms. 5 Sold $2,900 (TC) and $1,200 (SW) to Advanced Technologies in Motion. Invoice No. 2003. Normal terms. 6 JIW Enterprises messaged that there was a minor problem with the screens of two of the cell phones they purchased