During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:

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 $200 to Wizard Inc. with terms 4/10, n/30. The goods cost Solitare $110.
6	Sold goods to Spyder Corp. for $160 with terms 4/10, n/30. The goods cost Solitare $100.
14	Collected cash due from Wizard Inc.
Feb. 2	Collected cash due from Spyder Corp.
28	Sold goods for $130 to Bridges with terms 4/10, n/45. The goods cost Solitare $70.

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.) Explanation: Jan 14: Cash = ($200 × 96%) = $192 Sales Discounts = ($200 × 4%) = $8