Fashion Retailers Pty Ltd uses a perpetual inventory system, during March 2017 the following transactions occurred:

March	Transaction
6	Purchased jackets from Winter Wholesalers Ltd for $8,840, terms 3/7, n/30.
8	Sold inventory to customers $1,900, terms n/30. The inventory cost $1,600.
13	Paid Winter Wholesalers Ltd in full.
15	Received cash refund of $500 from Clothing Wholesalers Ltd, a supplier for damaged inventory that was returned.
27	Granted an allowance of $120 to a customer for a jacket that was damaged.

The companys chart of accounts reveal the following account listing:

Cash	Sales
Accounts Receivable	Sales Returns & Allowance
Inventory	Cost of Sales
Accounts Payable	Discount Received

Required:

Prepare journal entries to record the above-mentioned transactions in the space provided. Narrations are not required. (13 marks)

Type your answer in the template provided.

[Answer here]

Fashion Retailers Pty Ltd
Transaction	Account Titles	Dr $	Cr $
6
8
13
15
27