EXAMPLE $6\mathrm{.}2$

RECORDING PURCHASE TRANSACTIONS IN A PERPETUAL INVENTORY SYSTEM

On September $1,$ Brandon Shoes purchased $50$ pairs of hiking boots for $$3,750$ cash $($or $$75$ a pair$)$ and paid $$150$ of transportation costs. Also, on September $1,$ Brandon purchased $100$ pairs of running shoes for $$10,000$; however, the seller paid the transportation costs of $$300.$ The running shoes were purchased on credit with terms of $\frac{2}{10},\frac{n}{30}.$ Brandon paid for one$-$half $($$$5,000)$ of the running shoes on September $10,$ within the discount period. After inspection, Brandon determined that running shoes costing $$750$ were defective and returned them on September $25.$ The remaining running shoes $($cost of $$4,250)$ were paid for on September $30.$

Required:

Prepare the journal entries necessary to record the September transactions for Brandon Shoes.