6. Homework Set 1.LO 6.1: Beecbo sells inventory to Mitter Lite. The following transactions took place between Beerbo (seller) and Mitter Lite (buyer): February 1: Beecbg sells $10,000 af merchandise to Mitter on account with credit terms 2/10, net 30. February 3: Mitter returns $500 of the inventory purchased from Beerbo on Feb. 1. February 7: Mitter pays balance owed to Beecbo from Feb. 1 purchase. February 14: Beerbo sells $12,000 of merchandise to Mitter on account with credit terms 2/10, net 30. February 20: Mitter returns $600 of the inventory purchased from Beerbo on Feb. 14. February 27: Mitter pays balance owed to Beerbo from Feb. 14 purchase. Beerbe's sales result in an 80% gross profit percentage. That is, for every $1 in sales revenue, Beerbe's gross profit (.e. gross margin) is $0.80. Beerbo and Mitter have the following accounts listed in their ledgers: Beerbo o Accounts Receivable o Cash o Cost of Goods Sold o Inventory o Inventory Returns Estimated o Sales Discounts o Sales Refunds Payable o Sales Returns and Allowances O Sales Revenue Mitter: o Accounts Payable o Cash o Inventory o Purchase Discounts O Purchase Returns QUESTION 1 P1.a Mitter has the following accounts in its ledger. Accounts Payable Cash Inventory Purchase Discounts Purchase Returns For the February 7 transaction, what would Mitter record? . DR CR CR. Cash Select "(blank)" if no input is required. QUESTION 2 . . . P.1.a Mitter has the following accounts in its ledger: Accounts Payable Cash Inventory Purchase Discounts Purchase Returns For the February 14 transaction, what would Mitter record? DR. CR Select "blank)" if no input is required