Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August Aug. 2 Sold 10 items of merchandise to Salon World on account at a selling price of $7,000 (total) terms 2/10, n/30. The goods cost NGS $4,550 Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a selling price of $4,100 (total), terms 2/10, n/30. The goods cost NGS $3,075. Aug. 6 Cosmetics R Us returned one of the items purchased on August 3. The item could still be sold by NGS in the future and credit was given to the customer Aug. 10 Collected payment from Salon World, fully paying off the account balance Aug. 20 Sold two at-home spa kits to Meghan Witzel for $1,500 cash. The goods cost NGS $480. Aug. 22 Cosmetics R Us paid its remaining account balance in full Required 1. Prepare journal entries for each transaction. (lf no entry is required for a transaction/event, select No Journal Entry Required" in the first account field.) transaction list view transa Journal E 1. Record the sales on account of 10 items for $7,000 to Salon World on terms 2/10, n/30. 1 2 3 4 5 6 2. Record the cost of goods sold of $4,550. Recor terms 3. Record the sales on account of 5 items for $4,100 to Cosmetics R Us on terms 2/10, n/30. 4. Record the cost of goods sold of $3,075. Date 5. Record the credit given to Cosmetics R Us for returning Aug 02 1 item in perfect condition. 6. Record the 1 item returned into inventory for its original cost of goods sold. 7. Record the receipt of payment in full from Salon World. 8. Record the cash sales of $1,500 to Meghan Witzel. 9. Record the cost of goods sold of $480. ts 10. Record the receipt of payment in full from Cosmetics R Us journal entry has been entered