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Autumn Company began the month of October with inventory of $$29,000.$ The following inventory transactions occurred

during the month:

a$.$ The company purchased inventory on account for $$43,000$ on October $12.$ Terms of the purchase were $\frac{3}{10},\frac{n}{30}.$

Autumn uses the net method to record purchases. The inventory was shipped f$.$o$.$b$.$ shipping point and freight

charges of $$640$ were paid in cash.

b$.$ On October $31,$ Autumn paid for the inventory purchased on October $12.$

c$.$ During October inventory costing $$20,100$ was sold on account for $$30,800.$

d$.$ It was determined that inventory on hand at the end of October cost $$51,250.$

Required:

Assuming Autumn Company uses a perpetual inventory system, prepare journal entries for the above transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

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