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Reid Supply uses the Perpetual Inventory Method. During September, the following transactions and events occurred....

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Reid Supply uses the Perpetual Inventory Method. During September, the following transactions and events occurred. Please write the journal entries for Reid Supply Sept.4 Reid Supply purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30. The JE for Sept 4 is a debit to the account and a credit to the account for the dollar amount of Sept.6 Reid Supply received credit of $150 which was the price paid for the purchase return of 6 backpacks purchased on Sept. 4. The JE for Sept 6 is a debit to the account and a credit to the account for a dollar amount of Please do not use "s" or commas in your answers. Account titles to select from include: Please type the account title EXACTLY AS IT APPEARS. cash accounts receivable Inventory supplies

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