Youth Ltd has the following transactions for the month of February 2021:

Feb 6	Sold goods on account to Bell Air Ltd for $4,700, terms 2/10, n/30. The cost of the inventory sold was $3,525
Feb 8	Granted Bell Air Ltd $400 credit for goods returned costing $300.
Feb 15	Received payment from Bell Air Ltd in full settlement of above transactions.

Assuming the following:

Youth Ltd and Bell Air Ltd use a perpetual inventory system and

No business is registered for GST.

Required:

Record the above transactions in the general journal of:

a) Youth Ltd (5.5 marks)

b) Bell Air Ltd (3.5 marks)

Narrations are not required.