prepare the journal entry!!

Required information PB6-1 (Static) Reporting Purchase Transactions between Wholesale and Retail Merchandisers Using Perpetual Inventory Systems (LO 6-3) [The following information applies to the questions displayed below) The transactions listed below are typical of those involving Southern Sporting Goods (SSG) and Sports R Us (SRU), SSG IS a wholesale merchandiser and SRO is a retail merchandiser. Assume all sales of merchandise from SSG to SRU are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended December 31. a SSG sold merchandise to SRU at a selling price of S125,000. The merchandise had cost SSG $94.000 D. Two days later. SRU complained to SSG that some of the merchandise differed from what SRU had ordered SSG agreed to give an allowance of $3,000 to SRU SRU also returned some sporting goods, which had cost SSG $12.000 and had been sold to SRU for $16,500. No further returns are expected Just three days later SRU paid SSG, which settled all amounts owed. PB6-1 (Static) Part 2 2. Prepare the journal entries that SRU would record. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first occount field.) View transaction list Journal entry worksheet Record the inventory purchased of $125,000 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal