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1. Record office expenses
2. Record the income tax expense

C6-2 (Algo) Preparlng Journal Entrles for Inventory Purchoses, Sales, Returns, and (Gross Method) Dlscounts, and Ad]usting Income Tox (Chapters 4 and 6) [LO 6.3, LO 6.4, LO 6-6, LO 6.51] [The following information applles to the questions displayed below.] a. On October 1, the Business Students' Soclety (BSS) placed an order for 130 golf shirts at a unit cost of $30, under terms 2/10,n/30. b. The order was recelved on October 10 , but some golf shirts differed from what had been ordered. Uncertaln whether the shirts would be returned or kept, BSS decided to record any purchase discount only when taken (using the gross method). c. On October 11,40 golf shirts were returned to the supplier. d. On October 12, BSS complained the remaining golf shirts were slightly defectlve so the supplier granted a $100 allowance. e. BSS pald for the golf shirts on October 13 . f On October 5 , BSS recelved student and faculty orders for 90 golf shirts, at a unlt price of $63, on terms 2/10,n/30. g. 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 glven an allowance (see h and k. Uncertaln whether customers would keep or return the shirts, BSS decided to record any sales discount only when taken (using the gross method). h. On October 19 , one-half of the golf shirts were returned by customers to BSS. l. On October 20 , an allowance was given on account equal to $15.00 per shirt for the remaining 45 shirts. 1. The customers pald thelr remainIng balances on the last day of the month, October 31. 2 (Algo) Part 2 Prepare adjusting journal entrles to accrue office expenses of \$530 Incurred on account and to accrue Income taxes of \$163. (I) thtry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits

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