# Question: One Price Is Nice sells various types of jeans and

One Price Is Nice sells various types of jeans and uses a perpetual inventory system. All jeans, regardless of style, are sold for \$35 per pair. Following are selected transactions of the One Price Is Nice for April 2009.
April 6 Purchased 30 pairs of style #256 jeans with terms of 2/10, n/30; the per-unit cost was \$22.
April 9 Returned ten pairs of the #256 jeans purchased on April 6 due to fabric ﬂaws.
April 13 Sold two pairs of style #321 jeans for cash; the per-unit cost of these jeans was \$21.
April 16 Paid amount due to the supplier for jeans purchased on April 6.
April 17 Purchased 12 pairs of style #157 jeans with terms of 2/10, n/30; the per-unit cost was \$18.
April 20 Sold one pair of #155 jeans on credit; the cost of this pair was \$24.
April 21 A customer returned a pair of style #808 jeans because it was the wrong size; the jeans, which cost \$20, were returned to inventory.
April 27 Sold two pairs of style &101 jeans on credit; the per-unit cost of these jeans was \$17.
April 27 Paid amount due to the supplier for jeans pur- chased on April 17.
Required:
Prepare the journal entries necessary to record these transactions for One Price Is Nice.

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