demo 5-2 - (1,200) (9 ) (Sales Discount ) (500) (9b...

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(Assets ) (Liablitie (Cash ) (Inventory (A/R ) (CS ) (1 ) (Issued CS ) 60,000 60,000 (2 ) (Inventory on Account ) 54,000 (3 ) (Paid Freight- In ) (1,000) 1,000 (4 ) (Defective Inventory ) (4,000) (5 ) (Discount ) (1,000) (5b (Paid A/P ) ### (6 ) (Sold Invetory ) 68,000 (6b (cost of goods sold ) (42,140) (7 ) (Customer Returns ) (4,000) (7b (Cost of returns ) 2,940 (8 ) (Paid freight- OUT )
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Unformatted text preview: (1,200) (9 ) (Sales Discount ) (500) (9b (Collect A/R ) 49,500 (49,500) (10 (Operating Exp ) (9,600) 48,700 3,860 20,940 60,000 s ) (A/P ) (Servicve Revenue ) 54,000 (4,000) (1,000) ### 68,000 (Sales Rev ) ### (CGS ) (4,000) (Sales Rev ) 2,940 (CGS ) (1,200) (Shipping Expense ) (500) (Sales Rev ) (9,600)- 13,500...
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demo 5-2 - (1,200) (9 ) (Sales Discount ) (500) (9b...

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