arter 5-8 Recording sales, cost of goods Spanner Inc. sells $160,000 of women's sportswear to Lululime under credit terms of 2/10, net 30 on August 1, 2017. Spanner's cost of the goods is $76,000, and Spanner receives the appropriate amount of cash from Lululime on August 10, 2017. Assume Spanner Inc. uses the perpetual inventory system Journalize Spanner's transactions for August 1, 2017, and August 10, 2017 Note: Starter 5-7 covers the same situation for the buyer. perpetual 2 Cash receipt, $156,800