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Please prepare journal entries and answer the following questions (a) to (f). Thank you. Problem 3 (16 Marks) Prepare general journal entries for the following

Please prepare journal entries and answer the following questions (a) to (f). Thank you.

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Problem 3 (16 Marks) Prepare general journal entries for the following transactions of Eva Inc.: Eva Inc. is a retail store had the following sales and purchase transactions in January. (a) January 3: Sold 100 units of inventory at $80 per unit. Cost of $40 per unit. Eva Inc. offered credit terms of 1/10, n/30. (6) January 5: Eva Inc. purchased 200 units of inventory from its supplier at $40 per unit on credit. The supplier offered credit terms of 1/10, n/30 (c) January 6: Customer returned 20 units and received full credit. (d) The units were returned to inventory. (e) January 7: Eva made its payment to its supplier (1) January 10: Eva received the payment in full, less the returned items

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