Homework: Ch. 5 Homework Sav Score: 0 of 5 pts 3 of 7 (3 complete) HW Score: 10%, 2 of 20 P5-56A (similar to) Question Help Beltran Industrial Supply offers terms of 2/10, 1/30 to its wholesale customers Beltran's cost of goods sold is 10% of sales. The company had the following transaction during October (Click the icon to view the transactions.) Read the reguitement Requirement 1. Record Beltran's transactions, including the cost of goods sold entry for each sale (Use the gross method to record the sales transactions. Record debits first, then credits Exclude explanations from any Journal entries) October 1 Sold $9,000 of merchandise to Pickman Co on account. Do not record the cost of goods sold entry yet we will do that in the next stop Journal Entry Date Accounts Debit Credit Oct 1 Accounts Recolvable Pickman Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 11 parts remaining EPI dil October 1 Sold $9,000 of merchandise to Pickman Co, on account. October 3 Sold $2,500 of merchandise to Beckam Corporation, who paid by credit card. The credit card company charges Beltran a fee of 1% on credit card sales. October 7 Sold $25,000 of merchandise to Manabe Company on account October 8 Pickman paid the balance of what it owed for the purchase on October 1 October 12 Sold $11,000 of merchandise to Westbak Enterprises on account October 16 Manabe paid the balance of what it owed for the purchase on October 7 October 31 Westbay paid the balance of what it owed for the purchase on October 12 Print Done