The Following Are Transactions for Brian for the Month of October

question 9

Essay

The following are transactions for Brian for the month of October. Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate using the perpetual inventory system (omit explanations).
Oct. 1 Brian invested $15,000 in his business.
Oct. 3 Sold $2,500 of merchandise on account to H. Holand, sales invoice No. 1, terms 1/10, n/30, cost $2,000.
Oct. 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1/10, n/30, cost $1,000.
Oct. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount.
Oct. 14 Issued credit memorandum No. 1 to T. Traer for $100 for merchandise returned in good condition from October 5 sale on account, cost $80.
Oct. 15 Received cash from T. Traer for the amount due, less the discount.
GENERAL JOURNAL

Date		Account Tiles and Description	PR	Debit	Credit

GENERAL LEDGER $$\text { Cash } 101$$ $$\text { Inventory } 110$$ $$\text { Sales Discount } 402$$ $$\text { Brad. Cap } 301$$ $$\text { Accounts Rec } 102$$ $$\text { Sales } 401$$ $$\text { Sales Ret.and All. } 403$$ $$\text { Cost of Goods Sold } 501$$ SUBSIDIARY LEDGER $$\text { H. Holand }$$ $$\text { T. Traer }$$

---

Definitions:

Acute Symptoms

Immediate, severe symptoms that are often of short duration, signaling the onset or change of a condition or disease.

Anger

A strong feeling of annoyance, displeasure, or hostility, which may arise from frustration or perceived wrong.

Type A

A personality type characterized by high ambition, aggression, competitiveness, and a sense of urgency, often linked to stress and heart disease.

Temper

An individual's characteristic mood or emotional state, which can influence their behavior and reactions.