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Take me to the text Crystal Casinos, owned by Karl Josef, has provided you with the following information about the transactions occurring in October 2021,

Take me to the text Crystal Casinos, owned by Karl Josef, has provided you with the following information about the transactions occurring in October 2021, related to the casino gift shop. This company uses the periodic inventory system. Oct 1 Crystal Casinos received a shipment of gift mugs for resale from Cup Makers. The amount on the invoice is $9,200 and the stated terms are: 5/10, n/45. Oct 6 Crystal Casinos paid $500 cash for shipping charges. Oct 9 The manager of the gift shop checked the shipped cups and found that goods worth $600 were defective. The defective goods were returned to the supplier. Oct 10 Crystal Casinos paid the remaining invoice balance and, in doing so, took advantage of the early payment discount. Oct 14 Crystal Casinos sold all the mugs retained from the shipment to James Tours for $15,000. Oct 22 James Tours found 5% worth of items to be defective and returned these to Crystal Casinos. The goods cannot be resold. The invoice to James Tours showed terms 2/10, n/60. James Tours paid the remaining invoice balance after taking advantage of the early settlement discount Oct 28 Date 2018 Account Title and Explanation Debit Credit Oct 1 Oct 6 Oct 9 Oct 10 Record purchase of inventory Record freght-in charges To record purchase returns = = = Oct 14 Paid remaining invoice balance less discount received for early payment Goods sold on account Oct 22 Oct 28 Defective goods returned by the buyer Received amount from customer

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