C D E 1 Prepare journal entries for XYZ (the seller) for the following transactions 2 using the gross method: 3 August 25. Houston Sound purchased various items at a purchase price of: 5$ 52,080 6XYZ's (the seller) cost for the items purchased was: 7 $ 37,200 Purchase terms are 2/10, n/30 (4 points). 9 10 11 12 13 14 September 1. Houston Sound returned the following amount of inventory to 1 XYZ 16 S 17,360 17 XYZ's cost of the inventory that was retured was: 18 S 12,400 (4 points) 19 20 21 22 24 September 3. Houston Sound paid for the following amount of the inventory: 22,320 (3 points) 25 S 26 27 28 29 September 19. Houston Sound paid for the following amount of the inventory: 31 S 12,400 (2 points) 32 35 36 37