CH 6 HW 4. Golf World sold goods to Repulse Bay for $85,000, offering terms of 1/15 n/30 Repulse Bay paid for the goods within the discount period. Both companies use perpetual inventory systems a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection Assume the original cost of the goods to Golf World had been $55,250 (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) b. Prepare journal entries in the accounting records of Repulse Bay to account for the purchase and subsequent payment. Repulse Bay records purchases of goods at net cost. (Omit the "S" sign in your response.) General Journal Debit (Click to select) (Click to select) Credit (Click to select) (Click to select) >> >> c. Assume that, because of a change in personnel, Repulse Bay failed to pay for this goods within the discount period. Prepare the journal entry in the accounting records of Repuise Bay to record payment after the discount period (Omit the "S" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) (Click to select) Prepare journal entries in the accounting records of Golf World to ac subsequent collection. Assume the original cost of the goods to Golf "$" sign in your response.) General Journal (Click to select) (Click to select) (Click to select) (Click to select) (C (Click to select) (C Cash b. Prep subs resp Cost of goods sold ds of Repulse Bay to accou rchases of goods at net cos (CI Accounts receivable (CI Sales discounts c. Assu disco Sales after el, Repulse Bay failed to pay for e accounting records of Repulse your response.) (c Purchase discounts lost (CI De Inventory Accounts payable