Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet wont damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $820 each.

July 17	Purchased 98 watches for $14,700 ($150 per watch) on account.
July 31	Sold 72 watches for $59,040 cash.
August 12	Purchased 72 watches for $11,520 ($160 per watch) cash.
August 22	Sold 62 watches for $50,840 on account.
September 19	Paid for watches purchased on July 17.
September 27	Receive cash of $30,504 for watches sold on account on August 22.
October 27	Purchased 160 watches for $26,240 ($164 per watch) cash.
November 20	Sold 142 watches for $116,440 cash.
December 4	Purchased 132 watches for $22,968 ($174 per watch) on account.
December 8	Sold 72 watches for $59,040 on account.

\begin{tabular}{|c|c|c|c|c|} \hline 1 & July 17 & Inventory & 14,700 & \\ \hline & & Accounts Payable & & 14,700 \\ \hline \multirow[t]{2}{*}{2} & July 31 & Cash & 59,040 & \\ \hline & & Sales Revenue & & 59,040 \\ \hline \multirow[t]{2}{*}{3} & July 31 & Cost of Goods Sold & 59,040 & \\ \hline & & Inventory & & 59,040 \\ \hline \multirow[t]{2}{*}{4} & August 12 & Inventory & 11,520 & \\ \hline & & Cash & & 11,520 \\ \hline \multirow[t]{2}{*}{5} & August 22 & Accounts Receivable & 50,840 & \\ \hline & & Sales Revenue & & 50,840 \\ \hline \multirow[t]{2}{*}{6} & August 22 & Cost of Goods Sold & 50,840 & \\ \hline & & Inventory & & 5,040 \\ \hline \multirow[t]{2}{*}{7} & September 19 & Accounts Payable & & \\ \hline & & Cash & & \\ \hline \multirow[t]{2}{*}{8} & September 27 & Cash & & \\ \hline & & Accounts Receivable & & \\ \hline \multirow[t]{2}{*}{9} & October 27 & Inventory & & \\ \hline & & Cash & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline 17 & December 31 & Retained Earnings & & \\ \hline & & Rent Expense & & \\ \hline & Supplies Expense & & \\ \hline & Salaries Expense & & \\ \hline & Bad Debt Expense & & \\ \hline & Interest Expense & & \\ \hline & Income Tax Expense & & \\ \hline & Depreciation Expense & & \\ \hline & Insurance Expense & & \\ \hline \end{tabular}