[The following information applies to the questions displayed below.] Autumn Company began the month of October with inventory of $20,000. The following inventory transactions occurred during the month: a. The company purchased inventory on account for $29.500 on October 12 . Terms of the purchase were 2/10, n/30 Autumn uses the net method to record purchases. The inventory was shipped fo, b. shipping point and freight. charges of $550 were paid in cash. b. On October 31. Autumn paid for the inventory purchased on October 12 c. During October inventory costing $18,750 was sold on account for $29,000 d. It was determined that inventory on hand at the end of October cost $30.710. equired: Assuming Autumn Company uses a perpetual inventory system, prepare journal entries for the above transactions Note: If no entry is required for o transaction/event, select "No journol entry required" in the first account field