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 }

The Collection on Account Within the 2/10 N/30 Discount Period

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