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Oct 1 Bought inventory from Outdoor Muzi on account, invoice #5455; 1000 units at $30 each. Terms of the purchase were 4/10, net 30. Update

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Oct 1 Bought inventory from Outdoor Muzi on account, invoice #5455; 1000 units at $30 each. Terms of the purchase were 4/10, net 30. Update the inventory table after each purchase. Oct 2 Sold goods to Outback Kian, 700 units at $100 each with invoice #4741. The invoice terms were 5/10, net 30. Update the inventory table after each sale. Oct 5 Paid $1,200 with cheque #143 to Outdoor Muzi for an amount owing from last month. Oct 5 Bought inventory from Climb Foe with cheque #144, 600 units at $25 per unit. Oct 7 Returned 200 defective units to Climb Foe and received cash. Oct 8 Received $900 from Firewood Bill for a sale on account last month. Oct 10 Outback Kian paid invoice #4741 on time and took advantage of the early payment discount. Prepared the payroll for October. Gross pay is $8,400, CPP is $416, El is $158 and income tax is Oct 31 $1,680. The employer matches CPP contributions and pays 1.4 times the El deduction, Use the general journal to record this. The cheque will be prepared later

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