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 a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $608 and the merchandise basket normally sells for $152. Together, the bundle was sold to Val Amy for cash at a selling price of $570 (total). Val booked a spa treatment for August 10, and she took the basket of goods with her. The goods had cost NGS $145. Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a selling price of $630 (total); terms n/30. The goods cost NGS $530. Aug. 6 Cosmetics R Us returned one of the five 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 Val Amy used one of the three spa treatments she had purchased as part of the bundle sold to her on August 2. Aug.20 Sold two at-home spa kits to Meghan Witzel for $430 cash. The goods cost NGS $161. Aug. 22 Cosmetics R Us paid its remaining account balance in full. Required: 1. Prepare journal entries for each transaction. No additional sales returns are expected. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal Debit Credit No 1 Date Aug 02 570 Cash Sales Revenue Deferred Revenue 114 456 N Aug 02 145 Cost of Goods Sold Inventory 145 3 Aug 03 630 Accounts Receivable Sales Revenue 630 4 Aug 03 530 Cost of Goods Sold Inventory 530 5 5 Aug 06 126 Sales Revenue Accounts Receivable 126 6 Aug 06 106 Inventory Cost of Goods Sold 106 7 Aug 10 152 Deferred Revenue Service Revenue 152 8 Aug 20 Cash 430 Sales Revenue 430 9 Aug 20 161 Cost of Goods Sold Inventory 161 10 Aug 22 504 Cash Accounts Receivable 504 2-a. Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above (but exclude Service Revenue for spa services). Answer is complete but not entirely correct. $ Sales Revenue Cost of Goods Sold 1,200 730 2-b. What is Nicole's Getaway Spa's gross profit percentage (excluding Service Revenue)? (Round your answer to 1 decimal place.) Answer is complete but not entirely correct. Gross Profit Percentage 39.2 %