C$6-2($Algo$)$ Preparing Journal Entries for Inventory Purchases, Sales, Returns, and $($Gross Method$)$ Discounts, and Adjusting Income Tax $($Chapters $4$ and $6)[$LO $6-3,$ LO $6-4,$ LO $6-6,$ LO $6-$S$1]$

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On October $1,$ the Business Students$$ Society $($BSS$)$ placed an order for $240$ golf shirts at a unit cost of $$20,$ under terms $2/10,$ n$/30.$

The order was received on October $10,$ but some golf shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken $($using the gross method$).$

On October $11,40$ golf shirts were returned to the supplier.

On October $12,$ BSS complained the remaining golf shirts were slightly defective so the supplier granted a $$200$ allowance.

BSS paid for the golf shirts on October $13.$

On October $5,$ BSS received student and faculty orders for $200$ golf shirts, at a unit price of $$74,$ on terms $2/10,$ n$/30.$

The golf shirts were delivered to these customers on October $18.$ Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance $($see h and i$).$ Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken $($using the gross method$).$

On October $19,$ one$-$half of the golf shirts were returned by customers to BSS$.$

On October $20,$ an allowance was given on account equal to $$26\mathrm{.}00$ per shirt for the remaining $100$ shirts.

The customers paid their remaining balances on the last day of the month, October $31.$

C$6-2($Algo$)$ Part $1$

Required:

Prepare journal entries for the transactions described in events $($a$)$ through $($j$),$ using the date of each transaction as its reference. Assume BSS uses perpetual inventory accounts. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$