1. Prepare journal entries for the transactions described in events (a) through (j), using the date of each transaction as its reference. Assume BSS uses perpetual inventory accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
2. Record the placement of the order for golf shirts.
3. Received student and faculty orders.
4. Record the inventory purchased on account.
5. Record the return of the damaged inventory.
6. Record the allowance received for the defective inventory purchased.
7. Record the payment in full.
8. Record the sales revenue on account for the order.
9. Record the cost of goods sold for the order.
10. Record the return of the unsatisfactory merchandise sold on account.
11. Record the cost of goods returned.
12. Record the allowance for the remaining shirts.
13. Record the customers' payments in full.

Required information C6-2 (Algo) Prepering Journal Entrles for Inventory Purcheses, Seles, Returns, and (Gross Method) Dlscounts, and Ad]usting Income Tox (Chapters 4 and 6) [LO 6.3, LO 6.4, LO 6-6, LO 6.51] [The following information applles to the questions displayed below.] a. On October 1, the Business Students' Soclety (BSS) placed an order for 130 golf shirts at a unlt cost of $30, under terms 2/10,n/30. b. The order was recelved on October 10 , but some golf shirts differed from what had been ordered. Uncertaln whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken (using the gross method). c. On October 11,40 golf shirts were returned to the supplier. d. On October 12, BSS complained the remaining golf shirts were slightly defectlve so the supplier granted a $100 allowance. e. BSS pald for the golf shirts on October 13. f. On October 5, BSS recelved student and faculty orders for 90 golf shirts, at a unit price of $63, on terms 2/10,n/30. g. The golf shirts were dellvered to these customers on October 18. Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or glven an allowance (see h and i. Uncertaln whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (using the gross method). h. On October 19 , one-half of the golf shirts were returned by customers to BSS. l. On October 20 , an allowance was glven on account equal to $15.00 per shirt for the remalning 45 shirts. f. The customers paid thelr remaining balances on the last day of the month, October 31