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Jumbo Store has provided you with the following transactions for the month of September 2021 Sep Made a cash sale of $11,000. The cost of
Jumbo Store has provided you with the following transactions for the month of September 2021 Sep Made a cash sale of $11,000. The cost of goods sold for this transaction was $6,600. 3 Sep Purchased goods from Subtle Products on account for $16,300 with terms of S/10, net 45. 5 Sep A customer returned $1,420 of goods purchased on account. The cost of goods sold for the returned inventory is $852. Sep Paid up amount owing to Subtle Products from Sep purchase. 14 Sep sold $105,600, of products to Navid Store on account, terms 4/10 net 30 cost of goods sold was 17. $42,240 for this transaction. Sep Customer from Sep 17 purchase paid their amount owing, 123 Sep Purchased $227,000 of inventory on account from Shades Wholesalers. For shipping point terms 2/10, 26 net 30 sep portion of the inventory purchased from Shades wholesales hacer quality Jumbo Store 27 teturned $22.700 worth it to the Shades Wesalers. Required Required Prepare the journal entries to record the above transactions. Assume the company uses the perpetual inventory system Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. For transactions that have 2 debits or 2 credits, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit Sep 3 . > . 4) Record sales Sep 5 Purchased Inventory Sep 5 e Purchased inventory Sep 7 0 Customer returned goods Sep 14 . e . Paid amount owing to the supplier Sep 17 Record sales Sep 23 . . Received payment from customer 0 Sep 26 4 Purchased inventory . . Sep 22 Renamed estive goods
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