OURCES Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred. May 13 Sold 8 motors at a cost of $45 each to Scruffy Brothers Supply Company, terms 4/10, 1/30. The motors cost Chartie $26 each. May 16 One defective motor was returned to Charlie. May 23 Received payment in full from Scruffy Brothers. Journalize the May transactions for Charlie Company (seller) assuming that Chartie uses a perpetual inventory system. (Credit account amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. Round answers to Date Account Titles and Explanation Debit Credit I (To record credit sale.) (To record cost of good sold.) (To record goods returned.) 191 (To record cost of good returned.) May 23 by Study