Date: Name: Unit III Accounting I Class: Date: 15. Record the following transactions for S Sparky's uses a perpetual inventory s scansactions for Sparky's Pet Shop using the general journal form provided below. Assume a perpetual inventory system. Omit transaction descriptions from entries: Date August 1 Transaction Purchased $6,000 of merchandise on account, terms 2/10, n/30. Returned $1.500 of merchandise purchased on August 1 due to defects. Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000. Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200. Paid for the merchandise purchased on August 1, less return. Received payment from sale of August 10. The customer took the discount. 20