URGENT

during its first year of opernations trom auto dealership TAD bought vehicles from a manufactuer...

During its first year of operations, Tron Auto Dealership (TAD) bought vehicles from a manufacturer $628,000. TAD returned $172,000 of these vehicles to the manufacturer for credit on its account. the remaining vehicles for cash at a selling price of $705,000. TAD's customers rarely return vehicle returns only as they occur. One customer did return a vehicle to TAD for cash, which had been sold $157,000. The vehicle was in perfect condition, so it was put back into TAD's inventory at TAD's cost Prepare journal entries to record these transactions, assuming TAD uses a perpetual inventory syste for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3456 Record the purchase of vehicles from a manufacturer on account for $628,000. worksheet Record the purchase of vehicles from a manufacturer on account for $628,000. Note: Enter debits before credits. Record the return of vehicles to the manufacturer at $172,000. Note: Enter debits before credits. Record the sale of vehicles at $705,000. Note: Enter debits before credits. Record the cost of vehicles sold at $400,000. Note: Enter debits before credits. Record the return of the vehicle by a customer at $157,000. Note: Enter debits before credits. Record the cost of the vehicle returned at $96,000. Note: Enter debits before credits