Required information [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. August 2 sold a bundle of spa services with a nerchandise basket. When sold separately, the spa service part of the bundte sells for $460 and the nerchandise basket noraliy setis for 510e. Together, the bundle was sold to Val Any for cash at a selling price of 5450 (total). Val booked a spa treatent for August 10, and she took the basket of goods with her. The goods had cost NGS sab. August 3 Sold 5 identical itens of merchandise to Cosmeties R Us on account at a selling price of $5S2 (total): terns n/3e. The goods cost NGS S40e. August 6 Cosnetics R Us returned one of the five itens purchased on August 3 . The 1 tean could still be sold by NoS in the future and credit was given to the customer. August 12 Val Aby used one of the three spa treathents she had purchased as part of the bund le sold to her on August 2 . August 20 Sold two at-hone spa kits to Meghan Witzel for $390 cash. The goods cost NG5 $96. August 22 cosnetics R Us paid its renaining account balance in fuli. Required: 1. Prepate journal entries for each transaction. No additional sales returns are expected. if no entry is required for a transaction/event, select "No Journal Entry Aequired" in the first account fieid.) Required information [The following information applies to the questions displayed below] Nicole's Getaway Spa (NGS) has been sa successful that Nicole has decided to expand her spa by setling 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 nerchandise basket, When sold separately, the spa service part of the bundle sells for saed and the nerchandise basket nornatly sells for \$1ae. Together, the bunde was sold to vat Any for cash at a selting price of $450 (totall), Vat booked a spo. treatnent for August 10, and she took the basket of goods with her. The goods had cost NGS sae. August 3 sold 5 identical itens of eerchandise to Cosseticsin. Us on account at a setiting price of ssoa (totail) teras n/30. The goods cost NGS saed. August 6 Cossetics R Us returned ene of the five itens purchased on August 3 . The iten could still be sold by WOS in the future and credit was given to the customer. August 10 Vat hay used one of the three spa treatenents she had purchased as part of the bundle sold to her on August 2 . August 20 Sold two at-hose sps kits to Meghan witzel for s3ee cash. The goods cost NGS 596. August 22 Cosieties R Us poid its renaining account balance in fult. 2-a. Calculate the Sales Revenue and Cost of Goods Sold for the transoctions listed above (but exclude Service Revenue for spa services). 2.b. What is Nicole's Getaway Spa's gross protit percentage (excluding Service Revenue)? (Round your answer to 1 decimal place)
