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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.

August $2$ Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the

bundle sells for $$544$ and the merchandise basket normally sells for $$136.$ Together, the bundle was sold to

Val Amy for cash at a selling price of $$600($total$).$ Val booked a spa treatment for August $10,$ and she took

the basket of goods with her. The goods had cost NGS $$125.$

August $3$ Sold $5$ identical items of merchandise to Cosmetics R Us on account at a selling price of $$650($total$)$; terms

$\frac{n}{30}.$ The goods cost NGS $$550.$

August $6$ 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.

August $10$ Val Amy used one of the three spa treatments she had purchased as part of the bundle sold to her on August $2.$

August $20$ Sold two at$-$home spa kits to Meghan Witzel for $$450$ cash. The goods cost NGS $$141.$

August $22$ cosmetics R Us paid its remaining account balance in full.

Required:

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.$)$

Entrys:

Record the receipt of payment in full from Val Amy.

$2$Record the cost of goods sold of $$125.$

$3$Record the sales on account of $5$ items for $$650($total$)$ to Cosmetics R Us on terms n$/30.$

$4$Record the cost of goods sold of $$550.$

$5$Record the credit given to Cosmetics R Us for returning $1$ item in perfect condition.

$6$Record the $1$ item returned into inventory for its original cost of goods sold.

$7$Record the use of one of the spa treatments purchased on August $2.$

$8$Record the cash sales of $$450$ to Meghan Witzel.

$9$Record the cost of goods sold of $$141.$

$10$Record the receipt of payment in full from Cosmetics R Us$.$

Calculate sales revenue:

$2-$a$.$ Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above $($but exclude Service Revenue for spa services$).$

$2-$b$.$ What is Nicole$$s Getaway Spa$$s gross profit percentage $($excluding Service Revenue$)?($Round your answer to $1$ decimal place.$)$