Return to quest Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around

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Return To Quest Chad Funk Is A Hair Stylist Who Opened A Business Selling Hair Products He Imports Products From Around 1 (123.16 KiB) Viewed 9 times

Return to quest Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada. Oct. 1 Purchased $3,200 of hair spray from Orbit Pro; terms 3/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $290. 5 Sold shampoo costing $1,050 to Barber & Co. for a price of $1,500 with terms of 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $125. 7 Returned $1,400 of inventory to Orbit Pro due to an error in the October 1 order.. 10 Paid Orbit Pro for the purchase on October 1. 14 Barber & Co. returned $280 of inventory from the sale on October 5. The inventory had a cost of $196. 22 Received the payment from Barber & Co. on the October 5 sale. 23 Purchased $3,800 of hair conditioner from Keratin Hair; terms 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $750. 25 Sold hair gel to Styling Room for an invoice price of $1,900, terms 2/10, n/30, FOB destination. The hair gel had a cost of $1,330. The appropriate party paid the shipping cost of $375. 26 Paid for the purchase on October 23. 31 Received the payment from Styling Room on the October 25 sale. Required: Record the journal entries for the month of October. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry descriptions are provided already in the journal entry worksheet.)