Journal entry worksheet On October 31 , Autumn paid for the inventory purchased on October 12. Note: Enter debits before credits. Journal entry worksheet 1) 2 Record the sale of merchandise on account. Note: Enter debits before credits. Journal entry worksheet 1 2 3 Note: Enter debits before credits. Journal entry worksheet Record any necessary adjusting entry when the inventory on hand at the end of October cost $28,100. Note: Enter debits before credits. Journal entry worksheet 6 The inventory was shipped f.o.b. shipping point and freight charges of $540 were paid in cash. Note: Enter debits before credits. Journal entry worksheet 3 4 6 The company purchased inventory on account for $28,000 on October 12 . Terms of the purchase were 3/10,n/30. Autumn uses the net method to record purchases. Note: Enter debits before credits. Required information Problem 8-1 (Algo) Various inventory transactions; journal entries [LO8-1, 8-2, 8-3] [The following information applies to the questions displayed below] Autumn Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the month: a. The company purchased inventory on account for $28,000 on October 12 . Terms of the purchase were 3/10. 7/30. Autumn uses the net method to record purchases. The inventory was shipped fo.b. shipping point and freight charges of $540 were paid in cash. b. On October 31 , Autumn paid for the inventory purchased on October 12. c. During October inventory costing $18,600 was sold on account for $28,800. d. It was determined that inventory on hand at the end of October cost $28,100. Problem 8-1 (Algo) Part 1 Required: 1. Assuming Autumn Company uses a perpetual inventory system, prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field