"No journal entry required" in the first account field.) View transaction list Journal entry worksheet Allied sold 1,000 of the units in inventory for $15 per unit (invoice total: $15,000) to Macy Co. under credit terms 2/10, 1/60. The goods cost $11,000 to Allied. Note: Enter debits before credits. Date May 05 General Journal Debit Credit Record entry Clear entry View general journal Prev 4 of 7 Next > tran method and a perpetual inventory system; it purchases these units for resale. I no entry is required for "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 1 2 4 5 Macy retums 100 units because they did not fit the customer's needs (invoice amount: $1,500). Allied restores the units, which cost $1,100, to its inventory. Note: Enter debits before credits. Date May 07 General Journal Debit Credit Record entry Clear entry View general journal > Prepare the appropriate journal entries for Macy Co, to record each of the May transactions. Macy is a retail method and a perpetual inventory system; it purchases these units for resale. (If no entry is required for a ti "No journal entry required" in the first account field.) | View transaction list Journal entry worksheet Prepare the appropriate journal entries for Macy Co to record each of the May transactions. Macy is a retailer the method and a perpetual inventory system; it purchases these units for resale. (If no entry is required for a transa "No journal entry required" in the first account field.) View transaction list Journal entry worksheet