During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:
Jan. 6 Sold goods for $100 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $70.
6 Sold goods to Spyder Corp. for $80 with terms 2/10, n/30. The goods cost Solitare $60.
14 Collected cash due from Wizard Inc.
Feb. 2 Collected cash due from Spyder Corp.
28 Sold goods for $50 to Bridges with terms 2/10, n/45. The goods cost Solitare $30.
Required:
Prepare journal entries to record the transactions, assuming Solitare uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)