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The transactions listed below are typical of those involving Southern Sporting Goods $($SSG$)$ and Sports R Us $($SRU$).$ SSG is

a wholesale merchandiser and SRU is a retail merchandiser. Assume all sales of merchandise from SSG to SRU are made

with terms $\frac{n}{30},$ and the two companies use perpetual inventory systems. Assume the following transactions between the

two companies occurred in the order listed during the year ended December $31.$

a$.$ SSG sold merchandise to SRU at a selling price of $$215,000.$ The merchandise had cost SSG $$130,000.$

b$.$ Two days later, SRU complained to SSG that some of the merchandise differed from what SRU had ordered. SSG

agreed to give an allowance of $$4,500$ to SRU. SRU also returned some sporting goods, which had cost SSG $$21,000$

and had been sold to SRU for $$25,500.$ No further returns are expected

c$.$ Just three days later SRU paid SSG$,$ which settled all amounts owed.

Prepare the journal entries that SRU would record. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry

Required" in the first account field.$)$

Journal entry worksheet

Record the inventory purchased of $$215,000$ on account.

Note: Enter debits before credits.