Presented here are selected transactions for Alpine Tours Inc during September of the current year Alpine Tours Inc uses a periodic inventory system Sept 2 Purchased equipment on account for $60,600, terms n 30, FOB destination 3 Freight charges of $1,010 were paid by the appropriate party on the September 2 purchase of equipment 4 Purchased supplies for $4,300 cash 6 Purchased inventory on account from Winterholt Company at a cost of $61,800, terms 1 15, n 30, FOB shipping point 7 Freight charges of $1,700 were paid by the appropriate party on the September 6 inventory purchase 8 Returned damaged goods costing $5,400 that were originally purchased from Winterholt Company on September 6 Received a credit on account 9 Sold goods costing $13,900 to Fischer Limited for $18,300 on account, terms 2 10, n 30, FOB destination 10 Freight charges of $400 were paid by the appropriate party on the September 9 sale of inventory 17 Received the balance due from Fischer 20 Paid Winterholt Company the balance due 21 Purchased inventory for $5,400 cash 22 Sold inventory costing $20,000 to Kun Tai Inc for $27,100 on account, terms n 30, FOB shipping point 23 Freight charges of $400 were paid by the appropriate party on the September 22 sale of inventory 28 Kun Tai returned goods sold for $9,400 that cost $7,400 The merchandise was restored to inventory Assume that Alpine Tours Inc did not take advantage of the 1 purchase discount offered by winterholt Company and paid Winterholt Company on October 3 instead of September 20 Record the entry that Alpine Tours Inc would make on October 3 and determine the cost of missing this purchase discount to Alpine Tours Inc (Credit account titles are automatically indented when the amount is entered If no entry is required, select No Entry for the account titles and enter 0 for the amounts Round answers to the nearest whole dollar, e g 5,275 ) Date Account Titles and Explanation Debit Credit oct 3 The cost of missing purchase discounts

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Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours Inc. uses a periodic inventory system. Sept. 2

Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours Inc. uses a periodic inventory system.

Sept.	2	Purchased equipment on account for $60,600, terms n/30, FOB destination.
	3	Freight charges of $1,010 were paid by the appropriate party on the September 2 purchase of equipment.
	4	Purchased supplies for $4,300 cash.
	6	Purchased inventory on account from Winterholt Company at a cost of $61,800, terms 1/15, n/30, FOB shipping point.
	7	Freight charges of $1,700 were paid by the appropriate party on the September 6 inventory purchase.
	8	Returned damaged goods costing $5,400 that were originally purchased from Winterholt Company on September 6. Received a credit on account.
	9	Sold goods costing $13,900 to Fischer Limited for $18,300 on account, terms 2/10, n/30, FOB destination.
	10	Freight charges of $400 were paid by the appropriate party on the September 9 sale of inventory.
	17	Received the balance due from Fischer.
	20	Paid Winterholt Company the balance due.
	21	Purchased inventory for $5,400 cash.
	22	Sold inventory costing $20,000 to Kun-Tai Inc. for $27,100 on account, terms n/30, FOB shipping point.
	23	Freight charges of $400 were paid by the appropriate party on the September 22 sale of inventory.
	28	Kun-Tai returned goods sold for $9,400 that cost $7,400. The merchandise was restored to inventory.

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Assume that Alpine Tours Inc. did not take advantage of the 1% purchase discount offered by winterholt Company and paid Winterholt Company on October 3 instead of September 20. Record the entry that Alpine Tours Inc. would make on October 3 and determine the cost of missing this purchase discount to Alpine Tours Inc.. (Credit account titles are automatically indented when the amount is entered. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit oct. 3 The cost of missing purchase discounts