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The following is a series of related transactions between Slogo Shoes a shoe wholesales and Sole Males a chain of retail shoe stores Feb. 9

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The following is a series of related transactions between Slogo Shoes a shoe wholesales and Sole Males a chain of retail shoe stores Feb. 9 Slope Shoes told Sole Hates 115 pairs of her boots on sccount, terns 1/10, 1/30. The cost of these boots to Siogo Shoes w $70 per pair, and the sales price was $200 per patr Feb. 12 United Express charged 174 for delivering this merchandise to Sole Mates. These charges were split avenly between the buyer and seller and were palo trediately in cash. Feb. 13 Sole Mites returned 15 pairs of boots to Slope Shoes because they were the wrong size. 5logo Shoes allowed Sole Hites full credit for this return. Fab. 19 Sole Mate paid the remainine balance due to sloge Shoes within the discount period Both companies use a perpetual inventory system. Required: a. Record this series of transactions in the general Journal of Slogo Shoes (The company records sales at gross sakes price.) b. Record this series of transactions in the general Journal of Sole Mates. (The company records purchases of merchandise at net cost and tres a Transportation in account to record transportation charges on Inbound shipments.) Journal entry worksheet Record the sale of merchandise on account; terms, 1/10, n/30 Note: Enter debits before credits Date General Journal Debit Credit Feb. 9 Journal entry worksheet Record the purchase of 115 pairs of boots; terms. 1/10, 1/30 at net cost Note: Enter debits before credits Date General Journal Debit Credit Feb. 9

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