Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours uses a perp inventory system. Alpine Tours estimates a return rate of 5% based on past experience. Sept. 2 Purchased equipment on account for $62,300, terms n/30, FOB destination. 3 4 Freight charges of $960 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $4,400 cash. 6 Purchased inventory on account from Winterholt Company at a cost of $68,300, terms 1/15, n/30, FOB shipping point. 7 8 9 10 17 20 21 22 23 28 Freight charges of $1,800 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $4,900 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $14,300 to Fischer Limited for $21,400 on account, terms n/30, FOB destination. Freight charges of $410 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due. Purchased inventory for $6,000 cash. Sold inventory costing $21,600 to Kun-Tai Inc. for $24,300 on account, terms n/30, FOB shipping point. Freight charges of $400 were paid by the appropriate party on the September 22 sale of inventory. Kun-Tai returned goods sold for $1,100 that cost $760. The merchandise was restored to inventory. Ord the September transactions on Alpine Tours's books. (List all debit entries before credit entries. Credit account titles are omatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the ount titles and enter O for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date pt.2 Account Titles and Explanation Equipment Debit Credit 62300 Accounts Payable ept. 3 No Entry No Entry Sept. 4 Supplies 4400 Cash Sept. 6 Inventory Accounts Payable Sept. 7 Inventory 1800 Cash Sept. 6 Accounts Payable 4900 Inventory 6230 440 68300 6830 180 490 Sept. 9 Accounts Receivable Sales (Sale of merchandise on account) Sept. 9 Cost of Goods Sold 21400 710 1430 14300 1430 No Entry (Cost of goods sold recorded) Sept. 10 Freight Out 410 Cash 41 Sept. 17 Cash 21400 Accounts Receivable 2140 Sept. 20 Accounts Payable 63400 Cash 6340 Sept. 21 Sept. 22 Inventory Cash Accounts Receivable Sales Sept. 22 Sept. 23 (Sale of merchandise on account) Cost of Goods Sold Inventory (Cost of goods sold recorded) No Entry No Entry 6000 600 21600 2160 24300 2430 Sept. 21 Sales Returns and Allowances 1100 110 Accounts Receivable (Return of merchandise) * Your answer is incorrect. Determine Alpine Tours's sales and cost of goods sold for September. Sales 43000 Cost of goods sold $ 39360 List of Accounts * Your answer is incorrect. Calculate Alpine Tours's gross profit as a dollar amount and the gross profit margin as a percentage. (Round gross profit margin to 1 decimal place, eg. 15.2%) Gross profit $ Gross profit margin 3640 84 %