Rite Shoes was involved in the transactions described below.

Purchased $8,400 of inventory on account.

Paid weekly salaries and wages, $940.

Recorded sales for the first week: Cash: $7,300; On account: $5,500.

Paid for inventory purchased in event (1).

Placed an order for $6,400 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.)

1. Purchased $8,400 of inventory on account

2. Paid weekly salaries and wages, $940.

3. Recorded sales for the first week: Cash: $7,300; On account: $5,500.

4. Paid for inventory purchased in event (1).

5. Placed an order for $6,400 of inventory.

Event	General Journal	Debit	Credit