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Fantasy Company is a company that distributes consumer products. Perpetual inventory system is used by the company and the following transactions were completed in October.

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Fantasy Company is a company that distributes consumer products. Perpetual inventory system is used by the company and the following transactions were completed in October. Required: 1. Prepare journal entries to record the above transactions for Fantasy Company. (Explanation is not required) 2. Compute Fantasy Company's net sales for October. Show your calculation process. 3. Compute Fantasy Company's total cost of merchandise purchased in October. Show your calculation process. Fantasy Company is a company that distributes consumer products. Perpetual inventory system is used by the company and the following transactions were completed in October. Required: 1. Prepare journal entries to record the above transactions for Fantasy Company. (Explanation is not required) 2. Compute Fantasy Company's net sales for October. Show your calculation process. 3. Compute Fantasy Company's total cost of merchandise purchased in October. Show your calculation process

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