[The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly. Suzie thinks of another afea for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025 . All watches are sold for $560 each. July 17 Purchased 59 watebed for $8,850 (\$150 per watch) on account. July 31 Sold 46 watebes for $25,760 cash. Auqust 12. Purchased 46 watches for 57,360 (\$160 per wateh) cash. August 22 Sold 36 watehes. for $20,160 on aceount. Septenber 19 Paid for watches purchased on July 17. septenber 27 Receive cash of $12,096 tor watches sold on aecoat on August 22. Oetober 27 Furchased 95 watehes for $16,435 ( $173 per wateh) cash. 7overber 20 Sold 96 watehes tor $53,760 cash. Decenber 4 Purchased 106 watches for $19,398 (\$183, per watch) on aceount. Deceeber 8 Sold 46 vatelses for $25,761 on account. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to downioad and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31 , the estimated net realizable value of MU watches is only $100 per watch. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)