D E B education.wiley.com lil NWP Assessment Player Ul Application [El M :1 Term 5-. 6 Mid-Term Exam #1 0 01:20:29 Question 4 of5 _ / 2 E Current Attempt in Progress Charlie Company uses a perpetual inventory system During May, the following transactions and events occurred. May Sold 8 motors at a cost of $45 each to Scruffy Brothers Supply Company, terms 4/10, n/30. The motors cost Charlie $26 13 each. May . . 16 One defective motor was returned to Charlie. May . . 23 Received payment In full from Scruffy Brothers. Journalize the May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 4 (To record credit sale) 4 v -125 (To record cost of goods sold) (To record goods returned) (To record cost of goods returned) May 23 Save for Later Attempts: 0 of 1 used Submit