Required information (The following information applies to the questions displayed below) Gleim Co regularly sells its products to Hudson Company May Glele made a cash purchase of 2,000 units of inventory for $7 per unit (for a total cost of $14,000). 5 Glele sold 1,000 units of inventory for $11 per unit (invoice total: $11,800) to Hudson Co. under credit teres 2/10, 1/60. The goods cost Glein $7,000 7 Hudson returns 100 units (involce anount: $1,100). The units, which cost Gleim $700, are restored to the 8 Hudson discovers that 180 units are scratched, but decides to keep the units. Glele grants Hudson an allowance of $300 to compensate for the damage. 15 Hudson pays Gleim the balance owed. NOTE: There is a part 1 and part 2 to this question. Part 1 is the journal entries for the seller. Part 2 is the journal entries for the buyer. Prepare the appropriate journal entries for Hudson Co to record each of the May transactions Hudson is a retailer that uses the gross method and a perpetual inventory system, it purchases these units for resale (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