Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,335. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the period-end adjusting entry. Note: Enter debits before credits. Date General Journal Debit Credit August 31 DS Unlimited has the following transactions during August. August 6 Purchases 68 handheld game devices on account from GameGirl, Incorporated, for $190 each, terms 1/10, n/60. August 7 Pays $390 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl eight game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 48 game devices purchased on August 6 for $210 each to customers on account. The total cost of the 48 game devices sold is $9,341.00. Required: 1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,335. Record purchase of 68 handheld game devices on account from GameGirl, Incorporated, for $190 each, terms 1/10, n/60. Note: Enter debits before credits. Date General Journal Debit Credit August 06 12,920 Purchases Accounts Payable 12,920 Record payment of $390 to Sure Shipping for freight charges associated with the August 6 purchase. Note: Enter debits before credits. Date General Journal Debit Credit August 07 Freight-In 390 Cash 390 Record return to GameGirl eight game devices that were defective. Note: Enter debits before credits. Date General Journal Debit Credit August 10 1,520 Accounts Payable Purchase Returns 1,520 Record payment of the full amount due to GameGirl. Note: Enter debits before credits. Date General Journal Debit Credit August 14 Accounts Payable 11,400 Purchase Discounts 11,400 Record the sale of 48 game devices purchased on August 6 for $210 each to customers on account. Note: Enter debits before credits. Date General Journal Debit Credit August 23 Accounts Receivable 10,080 Sales Revenue 10,080 Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Credit August 23 No Journal Entry Required