[The following information applies to the questions displayed below.] a. On October 1, the Business Students' Society (BSS) placed an order for 190 golf shirts at a unit cost of $30, under terms 2/10, n/30. b. The order was received on October 10, but some golf shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken (using the gross method). c. On October 11, 50 golf shirts were returned to the supplier. d. On October 12, BSS complained the remaining golf shirts were slightly defective so the supplier granted a $100 allowance. e. BSS paid for the golf shirts on October 13. f. During the first week of October, BSS received student and faculty orders for 140 golf shirts, at a unit price of $69, on terms 2/10, n/30. g. The golf shirts were delivered to these customers on October 18. Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance (see h and I). Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (using the gross method). h. On October 19, one-half of the golf shirts were returned by customers to BSS. i. On October 20, an allowance was given on account equal to $21.00 per shirt for the remaining 70 shirts. j. The customers paid their remaining balances on the last day of the month, October 31. 1. Prepare journal entries for the transactions described in events (a) through (i), using the date of each transaction as its reference. Assume BSS uses perpetual inventory accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the placement of the order for golf shirts. 11 > 2 Record the inventory purchased on account. 3 Record the return of the damaged inventory. 4 Record the allowance received for the defective inventory purchased. 5 Record the payment in full. Credit 6 Record the sales revenue on account for the order. 7 Record the cost of goods sold for the order. Record the payment in full. 6 Record the sales revenue on account for the order. 7 Record the cost of goods sold for the order. Record the return of the unsatisfactory merchandise sold on account. Record the cost of goods returned. 10 Record the allowance for the remaining shirts. 11 Record the customers' payments in full. 2. Prepare adjusting journal entries to accrue office expenses of $590 incurred on account and to accrue income taxes of $223. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the office expenses. > 2 Record the income tax expense. Credit Moto journalentmoebaan antard 3. Report the financial effects of the above transactions in a multistep income statement for the month ended October 31 prepared for external use. BUSINESS STUDENTS' SOCIETY Income Statement 0 0 $ 0