Selected transactions follow for HSS Sports Ltd. during the company's first month of business. The company uses a perpetual inventory system. Feb. 2 Sold $1,139 of merchandise to Andrew Noren on account, terms V30. The goods had cost H55 $768. 4 Andrew Noren returned for credit $141 of the merchandise purchased on February 2. The goods had cost HSS $86 and they were returned to inventory 5 Sold $753 of merchandise to Dong Corporation on account, terms 2/10, 1/30. The goods had cost H55 5486 8 Sold $841 of merchandise to Michael Collins for cash. The goods had cost H55 $625. 10 Sold $925 of merchandise to Rafik Kurji, who paid with a credit card. The goods had cost HSS $680. 14 Dong Corporation paid its account in full. 17 Andrew Noren purchased an additional $692 of merchandise on account, terms 1/30. The goods had cost H55 $411 22 Sold $1,725 of merchandise to Batstone Corporation on account terms 2/10, 1/30. The goods had cost H55 $1,098 28 Andrew Noren pald $998 on account. Prepare the journal entries to record each of the above transactions. (Credit account titles are automatically indented When amount is entered. Do not indent manually. If no entry is re for the account titles and enter for the amounts. Round answers to the nearest whole dollar, c. 5,275) Debit Credit Credit Date Account Titles and Explanation y To record sales) (b) Describe the impact of the error on (1) cost of goods sold, (2) income before income tax assets, Babies and totallshareholders' equity for each of the two years 2017 2010 $ Understand $ (1) Cost of goods sold Overd $ (2) Income before Income tax $ Oerstand $ (3) Assets $ will not effect 14) Llabilities v $ Overstand (5) Total shareholders' equity Attemptseoise Smit Saw for Later Last saved 1 second ago Saved work will be auto-submitted on the due date