Question

mund t e Char me ENGLISH Chants Pades Renow e content Assign : 3.14% E ye here to ThinkVision

Answer 1

Answer: Credit Date Dec 31 Debit 460,000 20,000 2,220,000 35,000 45,000 Accounts Titles & Explanation Inventory (December 31) Estimated Returns Inventory Sales Purchases Discounts Purchases Returns and Allowances Inventory (January 1) Purchases Freight in Salaries Expense Advertising Expense Depreciation Expense Miscellaneous Expense Pat Kirwan, Capital Retained Earnings Dividends 375,000 1,760,000 17,000 375,000 36,000 13,000 9,000 195,000 Dec 31 65,000 65,000