Rite Shoes was involved in the transactions described below.

1.	Purchased $9,400 of inventory on account.
2.	Paid weekly salaries and wages, $1,040.
3.	Recorded sales for the first week: Cash: $8,300; On account: $6,500.
4.	Paid for inventory purchased in event (1).
5.	Placed an order for $7,400 of inventory.

Required:

Prepare the appropriate journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal Entries needed as followed:

1. Purchased $9400 of inventory on account

2. Paid Weekly salaries and wages of $1040

3. Recorded sales for the fist week: CASH $8300 and ON ACCOUNT $6500

4. Paid for inventory purchased in event (1)

5. Placed an order for $7400 of inventory