Requirement 1. Journalize the transactions on the books of Jeaner Distributing Company. September 3. Purchased office supplies for cash, $25,000. (Record debits first, then credits. Exclude explanations from journal entries Date Accounts Debit Credit (1) (2) (3) (4) (5) September 7. Purchased inventory on credit terms of 3/10, net eom, $96,000. Date Accounts Debit Credit (6) (7) (8) (9) (10) September 8. Returned 16 percent of the inventory purchased on September 7. It was not the inventory ordered. Date Accounts Debit Credit (11) (12) (13) (14) (15) September 10. Sold goods for cash, $19,000 (cost, $9,120). Let's enter the sale first. Date Accounts Debit Credit (16) (17) (18) (19) (20) The second entry for the transaction of September 10 records the effect on inventory. Let's enter that now. Date Accounts Debit Credit (21) (22) (23) (24) (25) 13. Sold inventory on credit terms of 2/15, n/45, for , less a quantity discount offered to customers who purchased in large quantities (cost, ). This transaction requires two entries. Begin with the sales entry. September $144,000 $14,400 $69,120 Date Accounts Debit Credit (26) (27) (28) (29) (30) Enter the September 13 transaction's second transaction, for the effect on inventory. Date Accounts Debit