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Cookie Creations 9b One of Natalie's friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and selis muffins and cookies.

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Cookie Creations 9b One of Natalie's friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and selis muffins and cookies. He is eager to buy one of Natalie's fine European mixers, which would enable him to make larger batches of muffins and cookies. However, Curtis cannot afford to pay for the mixer for at least 30 days. He asks Natale if she would be willing to sell him the mixer on credit The following transactions occurred in June through August 2020. June 1 After much thought, Natalie sells a mixer to Curtis on credit, terms 130, for $1,150 (cost of mixer $620). 30 Curtis calls Natalie. He is unable to pay the amount outstanding for another month, so he signs a one-month, 8.359 not receivable July 31 Curtis calls Natalie. He indicates that he is unable to pay today but hopes to have a check for her at the end of the week. Natale prepares the journal entry to record the dishonor of the note She assumes she will be paid within a week Aug. 7 Natalie receives a check from Curtis in payment of his balance wed (b) Prepare journal entries for the transactions that occurred in June, July, and August (The company is a perpetuo inventory system). Round to nearest dollar. (Credit account the are automatically indented when amount is entered. Do not indenit manually. Hound wwers to decimal aces, 12. Necord entries in the order displayed in the problem statement) Date Account Titles and Explanation Debit Credit (Te record sales revenue) To record cost of goods sold) Date Account Titles and Explanation Debit Credit 1 (To record sales revenue) (To record cost of goods sold)

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