AccT 221 SOM pa F-19 Acer 221 Q-5 Me Marlonna. Stephenson EX. 19 On September 1, Rold Supply had an inventory of 15 backpacks at a cost of $25 each. The company uses a perpetual Inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30 - 1150 Sept. 6 Received credit of $150 for the return of 6 backpacks purchased on Sept. 4 that were defective ciation - hon Sept 4 - DO 0. Sept 6 Sept. 9 Sold 40 backpacks for $35 each to Oliver Books, terms 2/10, 1/30. - 1,400 Sept. 13 Sold 15 backpacks for $35 each to Heller Office Supply, terms 1V30. 5 5 Sept. 14 Paid Hunter in full, less discount. Instructions Joumalize the September transactions for Reid Supply. Ceneral Journal: kod Supply Inventory Accounts payable Sones 3 Returns Allowances Accounts Recievodi Ave cost of goods sold X Accounts Recieveable Sale Revenue Cost of Eroods Sold Inventory Accounts Recieveable Sall Revenue Cost of Goods sold Inventory Account Payable (150 x.02) Cosh. 1750-35: Inventory Sept 9 Sept 13 spt 14 Sept 14 D