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PART B- Question 4 (7 marks) Donn July 9: s Beauty Salon had the following transactions for July: Purchased 625 units of inventory at $6

PART B- Question 4 (7 marks) Donn July 9: s Beauty Salon had the following transactions for July: Purchased 625 units of inventory at $6 per unit. The seller offered a cash discount of 2/10, n/30. Returned 30 defective units and received full credit. Paid the amount in full, less the returned items. July 10: July 18: Instructions: Prepare journal entries to record each of the preceding transactions. Assume a perpetual inventory system

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