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1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise...

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Accounting

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1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4. Sold merchandise inventory for cash. Label the revenue recogisition 4a and the expense recognition 4b. 5. Paid cash on accounts payable not within the discount period. 6. Sold merchandise inventory on account. Label the revenue recognition 6a and the expense recognition 6b. 7. Paid cash for selling and administrative expenses. 8. Paid cash for transportation-in. 9. Collected cash from accounts receivable. 0. Paid cash for transportation-out. IUCry CoverL05 055el JUUCEAJ), SCL USEAU).055el A yu Wu- statements by placing a + for increase and - for decrease. Assume the use of the perpetual inventory system. The first event recorded as an example. Columns for events that have no effect on any of the elements should be left blank. (In the Cash Flo perating activity, IA for investing activity, and FA for financing activity.) (Note: Not all require an input.) Income Statement Balance Sheet = Liabilities - Stockholder's Equity ! Assets Revente - Expense Statement of Cash Flow No. Type AE

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