Question 1 (11 points) Spector Enterprises has the following merchandise inventory transactions. The company records all purchase/sales discounts for early payment at the time of payment. Ignoring any sales/excise taxes, prepare the following journal entries during the month of September (11 marks): Sep 8 Sold inventory costing $3,336 to Wulter's Market on credit for $4,683. Terms 3/10 net 30. Sep 10 Wulter's Market paid their account, for the full amount Sep 12 Purchased inventory costing $8,308 from Jones Wholesaler Co. on credit. Terms 4/10 net 30. Sep 14 Spector Enterprises discovered that $928 worth of merchandise is defective and returned it to Jones Wholesaler Co. for adjustment to the account. Sep 20 $1,261 of the merchandise sold on Sep 8 to Wulter's Market was damaged and not salvageable. They want a credit on account. tv II op Sent a payment to Jones Wholesaler Co. for $7,000 Sep 21 I U V A V DEC 24 Paragraph 13 29 MacBc