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C$6-1($Algo$)$ Reporting Cash, Inventory Orders, Purchases, Sales, Returns, and $($Gross Method$)$ Discounts $($Chapters $5$ and $6)[$LO $5-4,$ LO $6-3,$ LO $6-4,$ LO $6-6]$

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$[$The following information applies to the questions displayed below.$]$

On October $1,$ the Business Students$$ Society $($BSS$)$ placed an order for $180$ golf shirts at a unit cost of $$40,$ under terms $2/10,$ n$/30.$

The order was received on October $10,$ but some golf shirts differed from what had been ordered. Uncertain whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken $($using the gross method$).$

On October $11,60$ golf shirts were returned to the supplier.

On October $12,$ BSS complained the remaining golf shirts were slightly defective so the supplier granted a $$100$ allowance.

BSS paid for the golf shirts on October $13.$

During the first week of October, BSS received student and faculty orders for $120$ golf shirts, at a unit price of $$68,$ on terms $2/10,$ n$/30.$

The golf shirts were delivered to these customers on October $18.$ Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or given an allowance $($see h and i$).$ Uncertain whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken $($using the gross method$).$

On October $19,$ one$-$half of the golf shirts were returned by customers to BSS$.$

On October $20,$ an allowance was given on account equal to $$20\mathrm{.}00$ per shirt for the remaining $60$ shirts.

The customers paid their remaining balances on the last day of the month, October $31.$ No further returns are expected.

C$6-1($Algo$)$ Part $1$

Required:

For each of the events $($a$)$ through $($j$),$ indicate the amount and direction of the effect $(+$ for increase, $$ for decrease$).($Enter any decreases to account balances with a minus sign.$)$