The following is a series of related transactions between Slogo Shoes, a shoe wholesaler, and Sole Mates, a chain of retail shoe stores. Feb. 9 Biogo Shoes sold sole Mates 115 pairs of hiking boots on account, terms 1/10, n/30. The cost of these boots to Siogo Shoes was $70 per pair, and the sales price was $200 per pair Feb. 12 United express charged $74 for delivering this merchandise to Bole Mates. These charges were split ovenly between the buyer and seller and were paid immediately in cash. Feb. 13 Sole Mates returned 15 pairs of boots to Siogo Shoes because they were the wrong size. Slogo shoes allowed Solo Mates full credit for this return. Yab. 19 Sole Mates paid the remaining balance due to Siogo Shoes within the discount period. Both companies use a perpetual inventory system. Required: a. Record this series of transactions in the general Journal of Siogo Shoes (The company records sales at gross sales price) b. Record this series of transactions in the general Journal of Sole Mates. The company records purchases of merchandise at net cost and uses a Transportation-In account to record transportation charges on inbound shipments.) Complete this question by entering your answers in the table below. Required A Required B Record this series of transactions in the general Journal of Siogo Shoes. The company records sales at gross sales price.) (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Feb. 9 Accounts receivable (Sole Mates) Sales 2 Feb. 9 Cost of goods sold Inventory 3 Feb. 12 Delivery expense Cash 4 Feb. 13 Sales returns and allowances Accounts receivable (Sole Mates) 5 Feb. 13 Inventory Cost of goods sold OD 6 Feb. 19 Cash Sales discount Accounts receivable (Sole Mates) Require Required B > SYMJU! b. Record this series of transactions in the general journal of Sole Mates. (The company records purchases of merchan and uses a Transportation-in account to record transportation charges on Inbound shipments.) Complete this question by entering your answers in the table below. Required A Required B Record this series of transactions in the general journal of Sole Mates. (The company records purchases of merchandise at uses a Transportation in account to record transportation charges on inbound shipments.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date Debit Credit General Journal No Transaction Recorded 1 Feb. 9 2 Feb. 12 No Transaction Recorded 3 Feb. 13 No Transaction Recorded 4 Feb. 19 No Transaction Recorded
