C6-2 (Algo) Preparing Journal Entries for loventory Purchases, Sales, Returns, and (Gross Method) Discounts, and Adjusting Income Tax (Crrapters 4 and 6) [LO 6-3, LO 6-4, LO 6-6, LO 6-S1] (General Ledger) a, On October 1 , the Business Students' Society (as5) placed an order for 170 goif shirts at a unit cost of $20, under terms 2/10, n/30. b. The order was received on October 10 , but some goir shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, 9SS decided to record any purchase discount only when token (using the gross method). c. On October f1, 55 goif shirts were returned to the suppler. d On October 12 , BSS complained the remaining goif shits were slighty defective so the supplier granted a $100 allowance. e. BSS paid for the goif shints on October 13 . C During the first week of October, BSS recelved student and faculty orders for 80 goif shirts, at a unit price of $74, on terms 2/10. 9. The goit shirts wore delivered to these customers on October 18. Unfortunately, customers were unhappy with the goif shirts, so n/30, BSS permitted them to be returned or given an aliowance (see h and 4 Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (uring the gross method). h. On October t9, one half of the golf shlits were returned by customers to ass. On October 20, an allowance was given on occount equol to $11.80 per shirt for the remeining 40 shirts. j. The customeis poid their remeining balances on the last day of the month, October 31 . No further returns are expected. The postedosing balances will appear for each occeum based on your selection. C6-2 (Algo) Preparing Journal Entries for loventory Purchases, Sales, Returns, and (Gross Method) Discounts, and Adjusting Income Tax (Crrapters 4 and 6) [LO 6-3, LO 6-4, LO 6-6, LO 6-S1] (General Ledger) a, On October 1 , the Business Students' Society (as5) placed an order for 170 goif shirts at a unit cost of $20, under terms 2/10, n/30. b. The order was received on October 10 , but some goir shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, 9SS decided to record any purchase discount only when token (using the gross method). c. On October f1, 55 goif shirts were returned to the suppler. d On October 12 , BSS complained the remaining goif shits were slighty defective so the supplier granted a $100 allowance. e. BSS paid for the goif shints on October 13 . C During the first week of October, BSS recelved student and faculty orders for 80 goif shirts, at a unit price of $74, on terms 2/10. 9. The goit shirts wore delivered to these customers on October 18. Unfortunately, customers were unhappy with the goif shirts, so n/30, BSS permitted them to be returned or given an aliowance (see h and 4 Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (uring the gross method). h. On October t9, one half of the golf shlits were returned by customers to ass. On October 20, an allowance was given on occount equol to $11.80 per shirt for the remeining 40 shirts. j. The customeis poid their remeining balances on the last day of the month, October 31 . No further returns are expected. The postedosing balances will appear for each occeum based on your selection