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Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in

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Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada. Oct. 1 Purchased $5,400 of hair spray from Orbit Pro; terms 3,10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $400 5 Sold shampoo costing $1,820 to Barber & Co. for a price of $2,600 with terms of 2/10,n/30, FOB shipping point. The appropriate party paid the shipping cost of $180 7 Returned $2,500 of inventory to Orbit Pro due to an error in the Oct. 1 order 10 Paid Orbit Pro for the purchase on October 1 14 Barber \& Co returned $500 of inventory from the sale on Oct 5 . The irventory had a cost of $350. 22 Recelved the payment from Barber & Co on the October 5 sale 23 Purchased $6,000 of hair conditioher from Keratin Hair, terms 2/10,n/30,FOB shipping point. The appropriate party paid the shipping cost of $1,300 25 Sold hair gel to Styling Room for an invoice price of $3,000, terms 2/10,n/30,FOB destination. The hair gel had a cost of $2,100 The appropriate party paid the shipping cost of $650. 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 tronsaction/event, select "No journal entry required" in the first account field. Joumbl entry descriptions ore provided already in the journal entry worksheet.) Journal entry worksheet Recond purchase of merchandise on credit, terms 3/10,N/30, foB shipping point. Nstef Lnter debita before credits

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