Problem: Merchandise Transactions Calculator Kitty, a merchandiser of calculators and other nerdy supplies, had the following merchandise transactions during the month: Oct. 1 Purchased $1,200 of calculators on account from NerdyNumbers, shipping terms were FOB Destination, credit terms 4/10, n/30. Shipping costs were $50. Oct. 3 Sold calculators on account to Susie Sliderule for $500, terms 6/10,n/30. The cost of the calculators is $300 and shipping terms are FOB Destination with shipping costs of $25. Oct. 5 Granted Susie Sliderule $50 for calculators returned costing $20. Oct. 9 Paid Nerdy Numbers in full. Oct. 12 Received payment from Susie Sliderule. Prepare the journal entries for Calculator Kitty to record their October transactions. Date Accounts & Explanations Debit Credit Problem: Merchandise Transactions Calculator Kitty, a merchandiser of calculators and other nerdy supplies, had the following merchandise transactions during the month: Oct. 1 Purchased $1,200 of calculators on account from NerdyNumbers, shipping terms were FOB Destination, credit terms 4/10, n/30. Shipping costs were $50. Oct. 3 Sold calculators on account to Susie Sliderule for $500, terms 6/10,n/30. The cost of the calculators is $300 and shipping terms are FOB Destination with shipping costs of $25. Oct. 5 Granted Susie Sliderule $50 for calculators returned costing $20. Oct. 9 Paid Nerdy Numbers in full. Oct. 12 Received payment from Susie Sliderule. Prepare the journal entries for Calculator Kitty to record their October transactions. Date Accounts & Explanations Debit Credit