4 5 Selected transactions follow for Pembina Sports Ltd. during the company's first month of business. The company expects a return rate of 8% and uses a perpetual inventory system. Feb. 2 Sold $1,146 of merchandise to Andrew Noren on account, terms n/30. The goods had cost Pembina $765. Andrew Noren returned for credit $140 of the merchandise purchased on February 2. The goods had cost Pembina $84 and they were returned to inventory. Sold $753 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Pembina $495. Sold $838 of merchandise to Michael Collins for cash. The goods had cost Pembina $618. Sold $922 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Pembina $674. Dong Corporation paid its account in full. Andrew Noren purchased an additional $698 of merchandise on account, terms n/30. The goods had cost Pembina $410. 27 Sold $1,748 of merchandise to Batstone Corporation, terms n/30. The goods had cost Pembina $1,113. 28 Andrew Noren paid $1,006 on account. 8 10 22 24 (a) Your answer is partially correct. Prepare the journal entries to record each of the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Account Titles and Explanation Debit Credit Date 3.2 V 1,146 1,146 (To record sales) 765 (To record cost of goods sold) 140 140 (To record sales returns) 84 84 Torrdotaforated 753 (To record sales) 495 495 (To record cost of goods sold) 2.8