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CC$6-1($Algo$)$ Accounting for Merchandising Operations $[$LO $6-4,$ LO $6-5,$ LO $6-6]$

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Nicole's Getaway Spa $($NGS$)$ has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at$-$home spa kits, cosmetics$,$ and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August.

August $2$ Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $$432$ and the merchandise basket normally sells for $$108.$ Together, the bundle was sold to Val Amy for cash at a selling price of $$480($total$).$ Val booked a spa treatment for August $10,$ and she took the basket of goods with her. The goods had cost NGS $$90.$

August $3$ Sold $5$ identical items of merchandise to Cosmetics R Us on account at a selling price of $$530($total$)$; terms n$/30.$ The goods cost NGS $$430.$

August $6$ Cosmetics R Us returned one of the five items purchased on August $3.$ The item could still be sold by NGS in the future and credit was given to the customer.

August $10$ Val Amy used one of the three spa treatments she had purchased as part of the bundle sold to her on August $2.$

August $20$ Sold two at$-$home spa kits to Meghan Witzel for $$330$ cash. The goods cost NGS $$106.$

August $22$ Cosmetics R Us paid its remaining account balance in full.

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

Required:

Prepare journal entries for each transaction. No additional sales returns are expected. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$