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Steve's Snowmobiles, Inc uses the perpetual inventory system and had the following sales transactions during July July 2. Sold Merchandise to Snow Sporting Store under

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Steve's Snowmobiles, Inc uses the perpetual inventory system and had the following sales transactions during July July 2. Sold Merchandise to Snow Sporting Store under credit terms 1/15, n/60 for $3,200. The items sold had a cost of $1,800 July 4 Snow Sporting Store returned merchandise with a selling price of $400 and a cost of $175 July 13: Snow Sporting Store paid for the merchandise sok on July 2. taking an appropriate discount earned. Required: Prepare the journal entries that Steve's Snowmobiles, Inc must make to record the above transactions. Skip a line between each journal entry and omit explanations. For each journal entry, please use the following format: Debit: Accounts Payable $X.XXX Credit: Cash SX.XXX Date Account Debit Credit

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