Journaline the following transactions that occurred in September 2011 for Red Hwantuming the perpetratory system is being used. Needed each counts receivable with the vendor or otome rame Red Hawkestimates sales at the end of each oth Records the credits Edutece company at the net amount (Chekh con to view the transactions) CD Sep Purchased neithundese inventory on account to Shaidon Wholesalers, 56.500. Terms 2015. TOM. PO shipping polet. Date Accounts Data Credit San Paldreight of 356 on September purchase Plate Accounts Sep More info - X ed Sep. 3 Sep.4 Sep.4 Sep. 6 Sep. 8 Purchased merchandise inventory on account from Sheldon Wholesalers, $6,500 Terms 2/15, n/EOM, FOB shipping point. Paid freight bill of $55 on September 3 purchase. Purchase merchandise inventory for cash of $1,700. Returned $400 of inventory from September 3 purchase. Sold merchandise inventory to Herenda Company, $5,600, on account. Terms 3/15, n/35. Cost of goods, $2,240 Purchased merchandise inventory on account from Teddy Wholesalers, $7,500 Terms 3/10. n/30, FOB destination Made payment to Sheldon Wholesalers for goods purchased on September 3, less return and discount Received payment from Herenda Company, less discount After negotiations, received a $100 allowance from Teddy Wholesalers. Sold merchandise inventory to Jackson Company, $3,500, on account. Terms n/EOM. Cart of anode 01.610 Sep. 9 Sep. 10 Sep. 12 Sep. 13 Cor. 16 - X More info Sep. 10 Sep. 12 Sep. 13 Sep. 15 Sep. 22 Made payment to Sheldon Wholesalers for goods purchased on September 3, less return and discount Received payment from Herenda Company, less discount After negotiations, received a $100 allowance from Teddy Wholesalers. Sold merchandise inventory to Jackson Company, $3,500, on account. Terms n/EOM. Cost of goods, $1,610 Made payment, less allowance, to Teddy Wholesalers for goods purchased on September 9. Jackson Company returned $700 of the merchandise sold on September 15. Cost of goods. $322 Sold merchandise inventory to Sundun for $1.200 on account that cost $504. Terms of 3/10, n/30 was offered, FOB shipping point. As a courtesy to Sundun, 575 of freight was added to the invoice for which cash was paid by Red Hawk. Received payment from Sundun, less discount Received payment from Jackson Company, less return Sep. 23 Sep. 25 Sep. 29 Sep. 30 Dona the net amount.) (Click the icon to view the transactions.) IL JUL Sep. 4. Paid freight bill of $55 on September 3 purchase Date Accounts Debit Credit Sep 4 Sep. 4. Purchase merchandise inventory for cash of $1.700 Date Accounts Debit Credit Sep 4 at the net amount) (Click the icon to view the transactions.) Sep. 4. Purchase merchandise inventory for cash of $1,700 Date Accounts Debit Credit Sep 4 Sep 6 Returned 400 of inventory from September 3 purchase Accounts Debit Date Credit Sen Journalize the following transactions that occurred in September 2018 for Red Hawk, assuming the perpetual inventory system is being used. No explanations are needed Identity each accou Sep 6 Returned $400 of inventory from September 3 purchase Date Accounts Debit Credit Sep 6 Sep 8 Sold merchandise inventory to Herenda Company. $5.600, on account Tem 2/15 135 Cost of goods 52.240 Begin by preparing the entry to joumalize the sale portion of the transaction Do not record the expense related to the sale. We will do that in the following step Date Accounts Credit Sep 8 Debit ul SDF 2016 for Red Hawk, assuming the perpetual inventory system is being used. No explanations aren JL JUL Now journalize the expense related to the September 8 sale--Cost of goods, $2,240 Date Accounts Debit Sep. 8 Credit Sep 9. Purchased merchandise inventory on account from Teddy Wholesalers. S7.500 Terms 3/10,n/30, FOB destination Date Accounts Debit Credit Sep 9 Sep 10: Made payment to Sheldon Wholesalers for goods purchased on September 3, less return and discount, Date Accounts Debit Credit Sep. 10 Sep. 12. Received payment from Herenda Company, less discount Date Accounts Debit Credit Sep 12 Sep 13: After negotiations, received a $100 allowance from Teddy Wholesalers Date Accounts Debit Sep. 13 Credit Sep 15 Sold merchandise inventory to Jackson Company 53.500, on account Temis VEOM Cost of goods. 51,610 Begin by preparing the entry to journalize the sale portion of the transaction Do not record the expense related to the sale. We will do that in the following up Date Accounts Debit Credit Sep 15 Sep 15 Sold merchandise inventory to Jackson Company, $3,500, on account. Terms VEOM. Cost of goods, 51.610 Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following top Dato Accounts Debit Credit Sep 15 Now journalize the expense related to the September 15 sale--Cost of goods. 51.610 Date Accounts Debit Credit Sep. 15 Sep 22 Made payment, les allowance to Teddy Wholesalers for goods purchased on September 9 Date Accounts Debit Credit Sep 22 Sep 23 Jackson Company returned 5700 of the merchandise sold on September 15. Cost of goods, 5322 Start by preparing the entry to record the refund and decrease to the receivable. Do not update the Merchandise Inventory wenty We will do that the following step Date Accounts Debit Credit Sep 23 Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise Cost of goods tutumed, 5322 Date Accounts Debit Credit Sep 23 Sep 25 Sold merchandise inventory to Sundun for $1,200 on account that cost 5504 Terms of 3/10, 1/30 was offered, FOB shipping point As a courtesy to Sundur 575 of freight was added to the to which cash was paid by Red Hank Begin by preparing a compound journal untry to jumalize the sale and the full mount of the receivable from this transaction Do not record the expense rated to the sale we will that in the folosing step Hop compound many) Date Accounts Det Credit Sep 24 Sold merchandise memory to Sunden for $1.200 on account that ont 5564 Summa 10,00 was offered. To say to Sanden 375 of was added to the woice for which cash was paid ty Red Hawk Ben by preparing compound format any to journalize the sale and of the celebrom this traction De not record the expensed to the Ww with the owner a compound journal Date Account Debit Cred Sep 25 Now jumate the exploited to the September 25 Cost of goods. 5504 Date Accounts Credit Now journalize the expense related to the September 25 sale--Cost of goods, $504 Date Accounts Debit Credit Sep. 25 Sep. 29: Received payment from Sundun, less discount. Debit Credit Date Accounts Sep. 29 va saves returns at the end of each month (Record debits first, then credits. Exclude explanations at the net amount) (Click the icon to view the transactions) op 25 Sep 30: Received payment from Jackson Company, less return Date Accounts Debit Credit Sep 30