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 $496 and the merchandise basket normally sells for $124. Together, the bundle was sold to Val Amy for cash at a selling price of $510 (total). Val booked a spa treatment for August 10, and she took the basket of goods with her The goods had cost NGS $110 Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a selling price of $560 (total ); terms n/30. The goods cost NGS $460 Aug. 6 Cosmetics R Us returned one of the five items purchased on August 3 The item could still be sold by NGS in the future and credit was given to the customer Aug. 10 Val Amy 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 $360 cash. The goods cost NGS $126. Aug.22 Cosmetics R Us paid its remaining account balance in full. 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.) View transaction list Journal entry worksheet > 5 1 2 3 4 6 7 8 9 10 Record the receipt of payment in full from NGS. Note: Enter debits before credits. General Journal Date Debit Credit Aug 02 Record entry Clear entry View general journal 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 $496 and the merchandise basket normally sells for $124. Together the bundle was sold to Val Amy for cash at a selling price of $510 (total). Val booked a spa treatment for August 10, and she took the basket of goods with her. The goods had cost NGS $110 Aug. 3 Sold 5 identical items of merchandise to Cosmetics R Us on account at a selling price of $560 (total) terms n/30. The goods cost NGS $460 Aug. 6 Cosmetics R Us returned one of the five items purchased on August 3. The item could still be sold by NGS in the future and credit was given to the customer Aug. 10 Val Amy 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 $360 cash. The goods cost NGS $126 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 2-b. What is Nicole's Getaway Spa's gross proit percentage (excluding Service Revenue)? (Round your answer to 1 decimal place. Gross Profit Percentage