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Waikele Premium Sunglasses had the following transactions in November. The beginning inventory on 1 November consisted of 120 pairs of sunglasses at $90 each. Nov.

Waikele Premium Sunglasses had the following transactions in November. The beginning inventory on 1 November consisted of 120 pairs of sunglasses at $90 each.

Nov. 3

The business purchased 100 pairs of sunglasses from Honolulu Sunglasses Factory for $90 each on credit.

Nov. 7

Waikele Premium Sunglasses returned 6 pairs of sunglasses that were wrong brand.

Nov.10

Sold 50 pairs of sunglasses for $140 on account.

Nov. 17

A customer returned 2 pairs of glasses sold on 10 November.

Required: Using the perpetual inventory system, record the above transactions in the general journal of Waikele Premium Sunglasses. Narrations are required. (13 marks)

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