On August $31,$ Crane Marine had an inventory of $21$ boats at a cost of $$2,000$ each. Crane does not expect any returns from sales of boats. The company uses a perpetual inventory system. During September, the following transactions and events occurred:

Sep. $3$ Purchased $41$ boats at $$2,000$ each from Hillside Fibreglass. The boats were shipped FOB destination, terms n$/30.$

$3$ The appropriate party paid the freight costs.

$6$ Received credit of $$10,000$ for the return of $5$ boats purchased on September $3$ that were defective.

$7$ Paid for the September $3$ purchase.

$9$ Sold $21$ boats for $$3,000$ each to Billington Yacht Club on credit.

$13$ Cash sale of $16$ boats for $$3,000$ each to Birch Island Ferry.

$21$ Purchased $27$ boats at $$2,000$ each from Johnson Supply, terms n$/30.$

Journalize the September transactions for Crane Marine, using a perpetual inventory system. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

enter an account title to record purchase of boats from Hillside Fiberglass

enter a debit amount

enter a credit amount

enter an account title to record purchase of boats from Hillside Fiberglass

enter a debit amount

enter a credit amount

$($To record purchase of boats from Hillside Fiberglass$)$

choose a transaction date

enter an account title to record freight costs

enter a debit amount

enter a credit amount

enter an account title to record freight costs

enter a debit amount

enter a credit amount

$($To record freight costs$)$

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

enter an account title to record sale of boats

enter a debit amount

enter a credit amount

enter an account title to record sale of boats

enter a debit amount

enter a credit amount

$($To record sale of boats$)$

choose a transaction date

enter an account title to record the cost of goods sold

enter a debit amount

enter a credit amount

enter an account title to record the cost of goods sold

enter a debit amount

enter a credit amount

$($To record the cost of goods sold$)$

choose a transaction date

enter an account title to record cash sales

enter a debit amount

enter a credit amount

enter an account title to record cash sales

enter a debit amount

enter a credit amount

$($To record cash sales$)$

choose a transaction date

enter an account title to record the cost of goods sold for cash

enter a debit amount

enter a credit amount

enter an account title to record the cost of goods sold for cash

enter a debit amount

enter a credit amount

$($To record the cost of goods sold for cash$)$

choose a transaction date

enter an account title

enter a debit amount