Question 7 Presented here are selected transactions for Alpine Tours Inc. during September of the current year. Alpine Tours uses a perpetual inventory system. Sept. 2 3 4 6 7 8 9 10 17 20 21 22 23 28 Purchased equipment on account for $59,200, terms n/30, FOB destination. Freight charges of $860 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,700 cash. Purchased inventory on account from Winterholt Company at a cost of $65,900, terms 1/15, n/30, FOB shipping point. Freight charges of $1,700 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $5,400 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $14,800 to Fischer Limited for $20,700 on account, terms 2/10, n/30, FOB destination. Freight charges of $390 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due. Purchased inventory for $6,600 cash. Sold inventory costing $18,100 to Kun-Tai Inc. for $24,800 on account, terms n/30, FOB shipping point. Freight charges of $600 were paid by the appropriate party on the September 22 sale of inventory. Kun-Tai returned goods sold for $9,800 that cost $7,800. The merchandise was restored to inventory. (a) Record the September transactions on Alpine Tours's books. (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. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Sept. 2 (Sale of merchandise on account) (Cost of goods sold recorded) 10 17 20 21 22 (Sale of merchandise on account) (Cost of goods sold recorded) (Return of merchandise) 28 (Return of merchandise, assuming goods are resaleable and returned to inventory)