3:35 < Back Inventory Problem.xlsx Journalize the following transactions for Jerry's Sports Shop for October of 2021. Calculate Gross Profit and Gross Profit %. 4-Oct Purchased Inventory fron Norman Co., $5,000. Terms 3/10, n/eom. FOB, shipping point 6-Oct Paid freight bill of $100 on October 4 purchase 8-Oct Returned half the merchandise purchased on October 4 10-Oct Sold merchandise for cash, $1,100. Cost of Goods, $400. FOB, destination 11-Oct Sold merchandise to Gary Co. $11,100. Cost of Goods, $6,105. Terms 2/10, n/eom FOB, shipping point 12-Oct Paid freight bill of $20 on November 10 sale 13-Oct Sold merchandise to Caddy Co. $9,500. Cost of Goods, $5,225. Terms n/45. FOB, shipping point 14-Oct Paid Norman Company (Oct 4) in full. 17-Oct Caddy Company returned $500 of defective inventory form Oct 13 sale. Cost of Goods, $275 18-Oct Purchased Inventory from Rainy Co., $3,600 Terms 2/10, n/30. FOB, shipping point 20-Oct Received payment in full from Gary Co (10/11). 26-Oct Paid Rainy Company in full 28-Oct Received payment in full from Caddy Co (10/13). 29-Oct Purchased Inventory fron Sander Co. for cash, $12,300. FOB, shipping point. 30-Oct Paid freight from the 10/29 purchase, $170