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On September 1 , Sunland Supply had an inventory of 1 5 backpacks at a cost of $ 1 0 each. The company uses a

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On September 1, Sunland Supply had an inventory of 15 backpacks at a cost of $10 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred.
Sept. 4 Purchased 70 backpacks at $10 each from Hunter, terms 210,n30.
Sept. 6 Received credit of $50 for the return of 5 backpacks purchased on Sept. 4 that were defective.
Sept. 9 Sold 40 backpacks for $43 each to Oliver Books, terms 210,n30.
Sept. 13 Sold 15 backpacks for $43 each to Heller Office Supply, terms n30.
Sept. 14 Paid Hunter in full, less discount.
Journalize the September transactions for Sunland Supply. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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