?THE RED MARKS ARE WRONG. MAKE SURE THEY ARE FIXED OR I WILL MARK IT INCORRECT $!$ ?Problem $8-1($Algo$)$ ?Part $1$

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.

Answer is not complete.

Required information

Problem $8-1($Algo$)$ ?Various inventory transactions; journal entries $[$LO$8-1,8-2,8-3]$

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

Autumn Company began the month of October with inventory of $$19,000.$ ?The following inventory transactions occurred

during the month:

a$.$ ?The company purchased inventory on account for $$28,000$ ?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 fo$.$b$.$ ?shipping point and freight

charges of $$540$ ?were paid in cash.

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

c$.$ ?During October inventory costing $$18,600$ ?was sold on account for $$28,800.$

d$.$ ?It was determined that inventory on hand at the end of October cost $$28,100.$