Exercise 5-6 Recording merchandise transactions : purchase and sale discounts -perpetual LO3 Chad Funk is a halt stylist who opened a business selling halt products . He imports products from the world and sells to salons in Canada Oct. 1 Purchased of hair spray Orbit Pro teres 3/10 , n / 30 , point The appropriate party the cost of 380 5 Sold shampoo costing $1,120 to Barber price of $ with of 2/18 n / 30 appropriate party paid the shipping cost of $ shipping point 7. Returned $1,500 inventory to Orhit due to an the order 28 Orbit Pro for the purchase on October Barber & returned $ of inventory from the sale on October The inventory had cost of $210 22 Received the payment from Barber & October 5 Purchased $ of hair conditioner from Keratin n / 30 FOB shipping The appropriate party paid the shipping cost of 25. Sold hair to Styling for price of , 2/10 , The The appropriate party paid the shipping cost of 26 for the purchase on October 23 . Received the payment October 25 Required : Record the journal entries for the month of October no entry is required for transaction event , select " No journal required " the first account field Joumat entry descriptions are provided already in the journal entry worksheet )