ccurred. motors Question Four: (5 marks) On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $25 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred. Sept. Sept. Sept. 4 Purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30. 6 Received credit of $150 for the return of 6 backpacks purchased on Sept. 4 that were defective. 9 Sold 40 backpacks for $35 each to Oliver Books, terms 2/10, n/30. Sept. 14 Paid Hunter in full, less discount. Required: Journalize the September transactions for Reid Supply. Date Dr Cr