Required information CC6-1 Accounting for Merchandising Operations (LO 6-4, LO 6-3, LO 6-8] (The following information applies to the questions displayed below) Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy Items, Nicole uses a perpetual Inventory system and is starting to realize all of the work that is created when Inventory is involved in a business. The following transactions were selected from among those completed by NGS in August Aug. 2 Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $178 and the merchandise basket normally sells for $162. Together, the bundle was sold to Val Any for cash at a selling price of $450 (total). Val booked spa treatment for August 10, and she took the basket of goods with her. The goods had cost NGS 59.11 Aug. Sold 5 Identical tes Of Berchandise to Cosmetics R Us On Iccount to selling price of $520 (total): terns n/3e. The goods cost NGS $420. Aug. 6 Cosmetics R Us returned one of the five Itens purchased on August). The It could still be sold by NGS in the tuture and credit was given to the customer Aug. 10 val Any used one of the three spa treatments she had purchased as part of the bundle sold to her on August 2 Aug. 20 Sold two at-home spa kits to Meghan Witzel for $320 cash. The good costs $16. Aug. 22 Cosmetics R Us paid its raining account balance in CC6-1 Part 1 Required: 1. Prepare Journal entries for each transaction No additional sales returns are expected. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Aug.2e sold two at-home spa kits to Meghan Kitzel for $320 cash. The good Aug 22 Cosmetics R Us paid its remaining account balance in full. CC6-1 Part 1 Required 1. Prepare Journal entries for each trar action. No additional sales returns are exp transaction/event, select "No Journal Entry Required in the first account fiel View transaction list 1 Record the receipt of payment in full from NGS. 2 Record the cost of goods sold of $90. 3 Record the sales on account of 5 items for 5520 to Cosmetics R Us on terms 2/10, n/30. 4 Record the cost of goods sold of $420, Record the credit given to Cosmetics R Us for returning 1 item in perfect condition. Credit Record the 1 item returned into inventory for its original cost of goods sold Renne-eferre. De ourna entry has been entered Clearly Aug.20 Sold two at-home spa kits to Meghan Witzel for $320 cash. The goods Aug. 22 Cosmetics R Us paid its remaining account balance in full. CC6-1 Part 1 Required 1. Prepare journal entries for each transactio. No additional sales returns are expec transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Record the credit given to Cosmetics R Us for returning 1 item in perfect condition. Record the 1 item returned into inventory for its original cost of goods sold Record the ceferred revenue Credit Record the cash sales of $320 to Meghan Witzel Record the cost of goods sold of $106. Record the receipt of payment in full from Cosmetics us = journa entry has been entered Record entry Clean Required Information CC6-1 Accounting for Merchandising Operations [LO 6-4, LO 6-5, LO 6-6) (The following Information applies to the questions displayed below) Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items. Nicole uses a perpetual Inventory system and is starting to realize all of the work that is created when Inventory is involved in a business. The following transactions were selected from among those completed by NGS In August Aug. 2 Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $378 and the merchandise basket normally sells for $162. Together, the bundle was sold to Val Any for cash at a selling price of $450 (total). Val booked a spa treatment for August 1e, and she took the basket of goods with her. The goods had cost NGS 590. Aug. Sold 5 Identical items of merchandise to Cosmetics R Us on account atselling price of $52e (total), terns n/3e. The goods cost NGS $420. Aug. 6 Cosmetics R Us returned one of the five Items purchased on August 3, the ten could still be sold by NGS In the future and credit was given to the customer Aug. le Val y used one of the three spa treatments she had purchased as part of the bundle sold to her on August 2. Aug.20 Sold theat-home spa kits to Meghan Witzel for $320 cash. The goods cost NGS $106. Aug. 22 Cosmetics R Us paid Its remaining account balance in full CC6-1 Part 2 2-a. Calculate the sales Revenue and Cost of Goods Sold for the transactions listed above but exclude Service Revenue for spa services). Sales Revenue Cost of Goods Sold