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NorthWave Products has provided you with the following transactions for the month of December 2019. Dec 8 Purchased $229,800 of inventory on account, terms 2/10, net 30 Dec A portion of the inventory from the above purchase was defective. NorthWave returned $540 worth of inventory to the 10 supplier Dec Sold $102,400, of products to South Shore on account, terms 2/10, net 30; cost of goods sold was $40,960 for this 12 transaction. Dec Customer from Dec 12 purchase paid their amount owing and claimed their discount 14 Dec 21 A customer returned $1,430 of goods purchased on account. The cost of goods sold for the returned inventory is $858. Dec Purchased goods from EastCoast Products on account for $18,700 with terms of 3/10, net 30. 22 Dec 23 Made a cash sale of $10,700 The cost of goods sold for this transaction was $6,420 Dec 25 Took advantage of discount offered and paid up amount owing to East Coast Products from Dec 22 purchase. Date Account Title and Explanation Debit Credit Dec 8 Purchased inventory on account Dec 10 Returned defective goods Dec 12 . . Record sales on account Dec 14 Record sales on account Dec 14 Record sales discount provided for customer Dec 21 + Customer returned goods Dec 22 Purchased goods on account Dec 23 Purchased goods on account Dec 23