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please answer Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to
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Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada Oct. 1 Purchased $3,200 of hair spray from Orbit Pro; teras 3/10, 1/30, FOB shipping point. The appropriate party paid the shipping cost of $290 5 Sold shampoo costing $1,050 to Barber & Co. for a peice of $1,500 with tens of 2/10, 1/30, FOB shipping point. The appropriate party paid the shipping cost of $125, 7 Returned $1,400 of inventory to Orbit Pro due to an error in the October order 10 Paid Orbit Pro for the purchase on October 1 14. Barber & Co. returned $280 of Inventory from the sale on October 5. The inventory had a cost of $196. 22 Received the payent from Barber & Co. on the October 5 Sale 23 Purchased 53,800 of hair conditioner from Keratin Halni terns 2/10, 1/30, YOU shipping point. The appropriate party paid the shipping cost of $750, 25 Sola hainel to styling Room for an invoice price of $1,900, terms 2/10, 1/30, o destination the hair el had a cost of $1,330, The appropriate party paid the shipping cost of $375 26 Poid for the purchase on October 23 31 Received the paynent from styling Room on the October os sale Required: Record the journal entries for the month of October (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry descriptions ore provided olready in the journal entry worksheet.) Step by Step Solution
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