Current Attempt in Progress

Listed below are some transactions for Carla Vista Products Ltd$.,$ which uses a perpetual inventory system and reports

under ASPE.

May Sold inventory on account to Sandhill Inc., terms $\frac{2}{10},\frac{n}{30}.$ Selling price $$19,200$; cost $$7,680.$

$2$

$3$ Received a portion of the inventory sold on the previous day because it was damaged and could never be

sold in the future. Selling price $$1,440$; cost $$576.$

$5$ Received a portion of the inventory sold on May $2$ that was in good condition and could be sold to other

customers in the future. Selling price $$2,160,$ cost $$1,152.$

$7$ Received payment in full from Sandhill Inc. for the amount due from the sale made on May $2.$

$($a$)$

Record the journal entry or entries for each of the transactions above. $($List all debit entries before credit

entries. Credit account titles are automatically indented when the amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter o for

the amounts. Record journal entries in the order presented in the problem.$)$