Steve's Skateboards Uses the Periodic Inventory System and Had the Following

Essay

Steve's Skateboards uses the periodic inventory system and had the following sales transactions during April:
-April 2 - Sold inventory to Happy Hobby Shop on credit for $4,800,terms 1/15,n/60.The items sold had a cost of $2,700.
-April 4 - Happy Hobby Shop returned inventory that had a selling price of $200.The cost of the inventory returned was $110.
-April 13 - Happy Hobby Shop paid for the inventory sold on April 2,taking any appropriate discount earned
Required:
Prepare the journal entries to record these transactions on the books of Steven's Skateboards.