At the beginning of October, Bowser Co.'s inventory consists of 58 units with a cost per unit of $42. The following transactions occur during the month of October October 4 Purchase 122 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10,n/30. October 5 Pay cash for freight charges related to the October 4 purchase. $749. October 9 Return 15 defective units from the October 4 purchase and receive credit October 12 Pay Waluigi Co. in full. October 15 Sell 152 units of inventory to customers on account, $12,160. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $7 per unit for freightless S1 per unit for the purchase discount, or $56 per unit.) October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 92 units of inventory from Waluigi Co. for $62 per unit, terms 3/10, n/30. October 22 Sell 92 units of inventory to customers for cash, $7,360. 1. Assuming that Bowser (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > 9 10 Purchase 122 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. Note: Enter debits before credits. General Joumal Debit Credit Date October 04 Record entry Clear entry View general Journal Required: 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transa (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 9 10 Pay Waluigi Co. in full. Note: Enter debits before credits Date General Journal Debit Credit October 12 Record entry Clear entry View general journal Required: 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet Receive full payment from customers related to the sale on October 15. Note: Enter debits before credits. General Journal Debit Credit Date October 19 Record entry Clear entry View general Journal Required: 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet
