Feb. 2 4 5 Selected transactions follow for Golden Valley Sports Ltd. during the company's first month of business. The company expects a return rate of 8% and uses a perpetual inventory system. Sold $1,141 of merchandise to Andrew Noren on account, terms /30. The goods had cost Golden Valley S772. Andrew Noren returned for credit $141 of the merchandise purchased on February 2. The goods had cost Golden Valley $84 and they were returned to inventory. Sold $758 of merchandise to Dong Corporation on account, terms /30. The goods had cost Golden Valley $488. Sold $836 of merchandise to Michael Collins for cash. The goods had cost Golden Valley $622. Sold $927 of merchandise to Rafik Kurji account, terms /30. The goods had cost Golden Valley $676. Dong Corporation paid its account in full. Andrew Noren purchased an additional $702 of merchandise on account, terms /30. The goods had cost Golden Valley $406. Sold $1,727 of merchandise to Batstone Corporation, terms 1/30. The goods had cost Golden Valley $1,098. Andrew Noren paid $1,000 on account. 8 10 22 24 27 28 (a) Your answer is partially correct. Prepare the journal entries to record each of the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to the nearest whole dollar, es. 5.275.) Date Account Titles and Explanation Debit Credit Accounts Receivable Feb. 2 1141 Sales 1141 No Entry (To record sales) Cost of Goods Sold 772 Inventory (To record cost of goods sold) 772 Feb. 4 sales Accounts Receivable (To record sales returns) (To record cost of goods returned) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) (To record sales) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold)