Refer to the following merchandising transactions for Scout Systems. Nov. 1 Scout Systems purchases merchandise for $5,400 on credit with terms of 3/10, h/30. 5 Scout Systems pays for the previous purchase. 7 Scout Systems receives payment for returned defective merchandise of $700 that was purchased on November 1. 10 Scout Systems pays $500 to transport merchandise to its store. 13 Scout Systems sells merchandise for $7,500 on account. The cost of the merchandise was $5,200. 16 A customer returns merchandise from the November 13 transaction. The returned item sold for $1,300 and cost $880. The item will be returned to inventory. a. Journalize the above transactions for Scout Systems assuming a periodic system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Refer to the following merchandising transactions for Scout Systems. Nov. 1 Scout Systems punchases merchandise for $5,400 on credit with teras of 3/10,h/30. 5 Scout 5ystems pays for the previous purchase. 7 Scout Systems receives payment for returned defective merchandise of 5700 that was purchased on Novenber: 1. 10 Scout Systens pays $500 to transport merchandise to its store. 13 Scout Systens sel1s merchandise for $7,500 on account. The cost of the serchandise was 35,200 . 16 A customer returns merchandise from the November 13 transaction. The returned item sold for $1, 3 es and cost $800. The itee will be returned to inventory. a. Journalize the above transactions for Scout Systems assuming a periodic system. (if no entry is required for o transoction/event. select "No journal entry required" in the first account field.)