Chad Funk

Chad Funk is a hair styllst who opened a business selling hair products. He imports products from around the world and sells to salons In Canada. Oct. 1 Purchased \\( \\$ 2,400 \\) of hair spray from Orbit Pro; terms \\( 3 / 10, \\mathrm{n} / 30 \\), FOB shipping point. The appropriate party paid the shipping cost of \\( \\$ 250 \\). 5 Sold shampoo costing \\( \\$ 770 \\) to Barber \\& Co. for a price of \\( \\$ 1,100 \\) with terms of \\( 2 / 10, \\mathrm{n} / 30 \\), FOB shipping point. The appropriate party paid the shipping cost of \\( \\$ 105 \\). 7 Returned \\( \\$ 1,000 \\) of inventory to Orbit Pro due to an error in the October 1 order. 10 Paid Orbit Pro for the purchase on October 1. 14 Barber \\& Co. returned \\( \\$ 200 \\) of inventory from the sale on October 5 . The inventory had a cost of \\( \\$ 140 \\). 22 Received the payment from Barber \\& Co. on the October 5 sale. 23 Purchased \\( \\$ 3,000 \\) of hair conditioner from Keratin Hair; terms \\( 2 / 10, \\mathrm{n} / 30 \\), FOB shipping point. The appropriate party paid the shipping cost of \\( \\$ 550 \\). 25 Sold hair gel to Styling Room for an invoice price of \\( \\$ 1,500 \\), terms \\( 2 / 10, n / 30 \\), FOB destination. The hair gel had a cost of \\( \\$ 1,050 \\). The appropriate party paid the shipping cost of \\( \\$ 275 \\). 26 Paid for the purchase on October 23. 31 Received the payment from Styling Room on the October 25 sale. Required: Record the journal entries for the month of October. (If no entry is required for a transactlon/event, select \"No Journal entry required\" In the first account fleld. Journal entry descriptlons are provided already in the Journal entry worksheet.)