Part B: Entity B had the following transactions$/$events$.$ Assume a perpetual inventory

system.

Make the following entries below.

Entity B sold Entity C $$45,000$ of merchandise, terms $\frac{3}{10},$ net $30.$ The merchandise

cost Entity B $$30,000$

Entity B paid its monthly rent of $$1,500.$

At the end of last month, Entity B purchased $$600$ of supplies on credit and made the

proper journal entry. It will now pay for those supplies.

A count of the supplies indicates that only $$200$ are left. $($Make the appropriate

adjusting entry$).$

Entity C $($see item $1)$ paid Entity B for the merchandise it bought and did so $9$ days

after the invoice date.