For each of the following transactions prepare the journal entry in proper form for CeCes Appliances. Show any applicable calculations. It is not necessary to provide the journal entry explanation. Ceces Appliances uses the PERPETUAL system of accounting for inventories.

1. On October 1^st, CeCes Appliances purchases $250,000 of inventory on account from C&B Warehouse, FOB Shipping Point. The order was shipped on 10/1. CeCes Appliances can receive a 3% cash discount if paid within 10 days, or net amount due in 30 days.

DATE	ACCOUNT	DEBIT	CREDIT

2. On October 5^th, CeCes Appliances paid (in cash) $2,000 in shipping costs for the above purchase from C&B Warehouse.

3. On October 6^th, CeCes Appliances returned $25,000 of the purchases from C&B Warehouse.

4. CeCes Appliances paid for the remaining purchases from C&B Warehouse on October 9^th.

5. On the last weekend of the month, CeCes Appliances had a blowout sale and recorded the following amounts on October 31^st: Total credit sales (before discount) were $500,000, terms were 2/10, n/30. The cost of the merchandise sold was $90,000

6. Credit customers returned $2,500 of merchandise on 11/2. Cost of the merchandise returned was $800.

7. All remaining credit sales (after returns) from the blowout sale were collected on 11/3. Record those collections.