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Dalian Cooling Systems sells a range of air conditioners. Dalian Cooling Systems uses a perpetual inventory system. The following transactions occurred during October 2018. Prepare

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Dalian Cooling Systems sells a range of air conditioners. Dalian Cooling Systems uses a perpetual inventory system. The following transactions occurred during October 2018. Prepare general journal entries to record all of the below transactions. Ignore GST. Narrations are not required Oct 2 Purchased 30 air conditioners for $650 on credit from Michigan Air. Oct 3 Returned 3 defective air conditioners to the supplier. Oct 7 Paid Michigan Air for the air conditioners taking advantage of the 2% discount offered for early payment. Oct 9 Sold 12 of the air conditioners for $1.200 on credit. HTML Editoria

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