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(Appendrces 6A and 6B) Recording Purchases and Sales Cabral Orfice Products sells adding machines and adding machine supplves. One of its products is a toner

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(Appendrces 6A and 6B) Recording Purchases and Sales Cabral Orfice Products sells adding machines and adding machine supplves. One of its products is a toner cartndge for laser printers. At the beginning of the year, there were 200 cartndges on hand at a cost of $60 each. During the yeat, Cabral purchased 1,600 cartridges at $60 each, sold 800 cartridges at $95 each, and sold an additional 750 cartridges at $102 each after a midyear selling pnce increase, Cabral returned 10 defective cartridges to the supplier. In addition, customers retumed 15 cartidges that wer purchased at $102 to Cabral for various reasons. Assume that Cabral uses o periodic inventory system. Required: 1. Prepare journal entries to record the purchases, sales, and return of inventory. Assume that all purchases and sales are on credit but no discounts were offered, If an amount box does not require an entry, leave it blank

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