Serene Spa Sales, Inc. uses the gross method for recording purchases and sales and a perpetual inventory system and had the following transactions during August. 
Required:
Prepare the general journal entries to record these transactions.
Definitions:
Spanking
A form of physical punishment involving hitting the buttocks with the hand or an object as a disciplinary measure.
Discipline
The tendency of parents to limit or demand behavior by exerting or requiring control.
Withdrawal Of Love
A disciplinary method where a caregiver withholds affection or attention as a form of punishment.
Internalization
The process of absorbing and integrating information, values, and cultural norms into one’s own belief system and behaviors.
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