Question $1$

Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada.

October $1.$ Purchased $$5,000$ of hair spray from Orbit Pro; terms $\frac{3}{10},\frac{n}{30},$ FOB shipping point. The appropriate party paid the shipping cost of $$380.$

October $5.$ Sold shampoo costing $$1,680$ to Barber & Co$.$ for a price of $$2,400$ with terms of $\frac{2}{10},\frac{n}{30},$ FOB shipping point. The appropriate party paid the shipping cost of $$170.$

October $7.$ Returned $$2,300$ of inventory to Orbit Pro due to an error in the October $1$ order.

October $10.$ Paid Orbit Pro for the purchase on October $1.$

October $14.$ Barber & Co$.$ returned $$460$ of inventory from the sale on October $5.$ The inventory had a cost of $$322.$

October $22.$ Received the payment from Barber & Co$.$ on the October $5$ sale.

October $23.$ Purchased $$5,600$ of hair conditioner from Keratin Hair, terms $\frac{2}{10},\frac{n}{30},$ FOB shipping point. The appropriate party paid the shipping cost of $$1,200.$

October $25.$ Sold hair gel to Styling Room for an invoice price of $$2,800,$ terms $\frac{2}{10},\frac{n}{30},$ FOB destination. The hair gel had a cost of $$1,960.$ The appropriate party paid the shipping cost of $$600.$

October $26.$ Paid for the purchase on October $23.$

October $31.$ Received the payment from Styling Room on the October $25$ sale.

Required:

Record the journal entries for the month of Octobe