NOTE: for #5, I wanted to put Sales Return, but it is not included in the drop-down so I tried my luck with allowance, but it is still wrong.

Required information CC6-1 Accounting for Merchandising Operations [LO 6-4, LO 6-5, LO 6-6] [The following information applies to the questions displayed below.] 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 ory 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 $592 and the merchandise basket normally sells for $148. Together, the bundle was sold to Val Amy for cash at a selling price of $630 (total). Val booked a spa treatment for August 10, and she took the basket of goods with her. The goods had cost NGS $140. Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a selling price of $620 (total); terms n/30. The goods cost NGS $520. 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 $420 cash. The goods cost NGS $156. Aug. 22 Cosmetics R Us paid its remaining account balance in full. CC6-1 Part 1 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.) Reg .......... .......... ........--- .-TOOTROPORT Sales Revenue 620 Aug 03 520 Cost of Goods Sold Inventory 520 Aug 06 x 124 Allowance for Doubtful Accounts Accounts Receivable 124 6 Aug 06 104 Inventory Cost of Goods Sold 104 104 Aug 10 148 X Deferred Revenue Sales Revenue X 148 X Aug 20 420 Cash Sales Revenue 420 Aug 20 156 Cost of Goods Sold Inventory 156 10 Aug 22 444 x Cash Accounts Receivable 444 X