Task: Buil a journal entry for each transactions.

Listed below are some transactions for Resistant Products Ltd., which uses a perpetual inventory system and reports under ASPE. Sold inventory on account to Jameson Inc., terms 2/10, n/30. Selling price $17,200; cost $6,880. May 2 3 5 Received a portion of the inventory sold on the previous day because it was damaged inventory that could never be sold in the future. Selling price $1,290; cost $516. Received a portion of the inventory sold on May 2 that was in good condition and could be sold to other customers in the future. Selling price $1,810, cost $1.032. Received payment in full from Jameson Inc. for the amount due from the sale made on May 2. 7