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3. Reid Supply uses a perpetual inventory system. During September, the following transactions and events occurred. Sept_4 Purchased 70 backpacks at $20 each from Hunter,

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3. Reid Supply uses a perpetual inventory system. During September, the following transactions and events occurred. Sept_4 Purchased 70 backpacks at $20 each from Hunter, terms 2/10, 1/30 Sept. 6 Received credit of $100 for the retum of 5 backpacks purchased on Sept. 4 that were defective Sep 8 Purchases 80 backpacks at $25 each from Jones Company, terms 1/10, 1/30. Sept. 14 Paid Hunter in full, less discount. Instructions Prepare the journal entries in Reid Supply's accounting records for the month of September. Debit Credit Account Date Sep 4 Sep 6 Senie Instructions Prepare the journal entries in Reid Supply's accounting records for the month of September Date Sep 4 Account Debit Credit Sep 6 Sep 8 Sep 14

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