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Listed below are some transactions for Resistant Products Ltd., which uses a perpetual inventory system and reports under ASPE. May Sold inventory on account to

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Listed below are some transactions for Resistant Products Ltd., which uses a perpetual inventory system and reports under ASPE. May Sold inventory on account to Jameson Inc., terms 2/10,n/30. Selling price $21,200; cost $8,480. 2 3 Received a portion of the inventory sold on the previous day because it was damaged inventory that could never be sold in the future. Selling price $1,590; cost $636. 5 Received a portion of the inventory sold on May 2 that was in good condition and could be sold to other customers in the future. Selling price $2,510, cost $1,272. 7 Received payment in full from Jameson Inc. for the amount due from the sale made on May 2. Record the journal entry or entries for each of the transactions above

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