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[The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The August 2 Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $464 and the merchandise basket normally sells for $116. Together, the bundle was sold to the basket of goods with her. The goods had cost NGS $10e. August 3 sold 5 Identical itees of merchandise to cosmetics R us on account at a selling price of 8560 (total); terms n/30. The goods cost Nos $460. August 6 Cosmetics R Us returned one of the five items purchased on August 3. The iten could still be sold by Nos in August 10 val Any used one of the three sen to the custoner. August 20 sold two at-hone spa kits to Meghan witzel for she had purchased as part of the bundle sold to her on August 2. August 22 Cosmetics R Us paid its remaining account balance in $360 cash. The goods cost Nos $116. Required: 1. Prepare journal entries for each transaction, No additional sales returns are expected. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Prepare journal entries for each transaction. No additional sales transaction/event, select "No Journal Entry Required" in the Record the receipt of payment in full from Val Amy. Record the cost of goods sold of $100. Record the sales on account of 5 items for $560 (total) to Cosmetics R Us on terms n/30. Record the cost of goods sold of $460. Record the credit given to Cosmetics R Us for returning 1 item in perfect condition. Record the 1 item returned into inventory for its original cost of goods sold. Note : = journal entry has been entered Record the credit given to Cosmetics R Us for returning 1 item in perfect condition. Record the 1 item returned into inventory for its original cost of goods sold. Record the deferred revenue. Record the cash sales of $360 to Meghan Witzel. Record the cost of goods sold of $116. Record the receipt of payment in full from Cosmetics R Us. Note : = journal entry has been entered Required information [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August. August 2 sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $464 and the merchandise basket normally sells for $116. Together, the bundle was sold to Val Any for cash at a selling price of $510 (total). Val booked a spa treatent for August 10, and she took the basket of goods with her. The goods had cost NGS $100. August 3 sold 5 identical items of merchandise to cosmetics R US on account at a selling price of $560 (total); terms n/30. The goods cost NGS $460. August 6 cosmetics R Us returned one of the five items purchased on August 3. The item could still be sold by nos in the future and credit was given to the customer. August 16 val Amy used one of the three spa treatsents she had purchased as part of the bundle sold to her on August 2. August 20 sold two at-home spa kits to Meghan witzel for $36e cash. The goods cost NGS $116. August 22 Cosmetics R Us paid its remaining account balance in full. 2-a. Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above (but exclude Service Revenue for spa services). 2-b. What is Nicole's Getaway Spa's gross profit percentage (excluding Service Revenue)? (Round your answer to 1 decimal place.)