The following are transactions for Brian for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate using the perpetual inventory system (omit explanations). Post your journal entries to general ledger and prepare the schedule of accounts receivable.

Oct. 1 Brian invested $15,000 in his business.

Oct. 3 Sold $2,500 of merchandise on account to H. Holand, sales invoice No. 1, terms 1/10, n/30, cost $2,000.

Oct. 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1/10, n/30, cost $1,000.

Oct. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount.

Oct. 14 Issued credit memorandum No. 1 to T. Traer for $100 for merchandise returned in good condition from October 5 sale on account, cost $80.

Oct. 15 Received cash from T. Traer for the amount due, less the discount.

Note: Please use the excel template for your answer.