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Accounting for Sales Revenue and Receivables Office Solutions, Inc. sells copiers, printers, laptops, tablets, and other types of office equipment. During January 2021, the following

Accounting for Sales Revenue and Receivables

Office Solutions, Inc. sells copiers, printers, laptops, tablets, and other types of office equipment. During January 2021, the following transactions occurred.

January 10 - Purchased five printers on account from Tsang Inc. at a cost of $200 each. The credit terms are 1/10, n/30. January 17 - Sold four printers on account to Mytko & Sons, Ltd. for $400 per printer. The credit terms are 2/10, n/30. January 19 - Paid the amount due to Tsang Inc. January 21 - One of the printers sold to Mytko & Sons Ltd. was found to be different from what Mytko ordered and was returned to Office Solutions for full credit.

January 23 - Office Solutions returned a printer to Tsang Inc. and was promised a refund for the amount paid. January 26 - Received the amount due from Mytko & Sons Ltd.

Required: Prepare the journal entries to record the transactions that occurred on January 17, 19, 21, and 26 in the accounting records of Office Solutions. The company uses a perpetual inventory system. Omit narrative explanations.

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