On November 30, 2020, Sooke Jewelers purchased inventory of $45,000 on account from Hudson Gems Ltd., a jewelry importer. Terms were 2/15, net 45. On receiving the goods, Sooke checked the order and found $5,700 of unsuitable merchandise. Therefore, Sooke returned the merchandise to Hudson on December 4, 2020. On December 14, 2020, Sooke paid the net amount owed from November 30.

1. Record the required transactions in the journal of Sooke Jewelers. Use the periodic inventory system. Explanations are not required.

2. Journalize the transactions of Hudson Gems Ltd., which uses the periodic inventory system. Explanations are not required.

Requirement 1. Journalize the transactions of Sooke Jewelers.

Start by recording the November 30 purchase of inventory.(Record debits first, then credits. Exclude explanations from journal entries.)