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Journal entry worksheet On October 31, Autumn paid for the inventory purchased on October 12. Wotei tinter chbits befare credas. Journal entry worksheet Record any necessary adjusting entry when the inventory on hand at the end of October cost $26,050. Note Giver debets before gedics. Journal entry worksheet The inventory nat shippod 7,0,b, shipping peint and frelght charges of $530 were pola in cest. Journal entry worksheet Journal entry worksheet Record the sale of merchandise on account. Noten Eiter debits tefere bosts The company purchased inventory on account for $26,500 on October 12 . Terms of the purchase were 2/10,n/30. Autumn uses the net method to record purchases. Note: Enter debits before credits. Required information The following intormation opplies to the questions displayed below] Autumn Company began the month of October with inventory of $18.000. The following inventory transactions occurred during the month: a. The company purchosed inventory on account for $26,500 on October 12 . Terms of the purchase were 2/10. 1/30 Autumn uses the net method to record purchoses. The inventory was shipped to.b. shipping point and freight charges of $530 were paid in cash. b. On October 31 . Autumn poid for the inventory purchased on October 12 c. During October inventory costing $18,450 was sold on occount for $28,600. d. It wos determined that inventory on hand at the end of October cost $26,050. Required: 1. Assuming Autumn Compony uses o perpetuol inventory system, prepare journal entries for the above transoctions. Note: if ne entry is required for a transaction/event, select "No journal entry required" in the first account field

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