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The trial balance of Carla Vista Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $38.000; Purchases $145,800; Sales Revenue $190,000; Freight-In $9,000; Sales Returns and Allowances $3,500; Freight-Out $1,500; and Purchases Returns and Allowances $6,800. The ending inventory is $23,000. Prepare a cost of goods sold section for the year ending August 31.| CARLA VISTA COMPANY Income Statement (Cost of Goods Sold section - Periodic system) $ $ $ $ Save for Later Attempts: 0 of 1 used Submit Answer Presented here are selected transactions for the Cullumber Company during April. Cullumber uses the perpetual inventory system. April Sold merchandise to Mann Company for $5,900, terms 2/10, 1/30. The merchandise sold had a cost of $2,600. Purchased merchandise from Wild Corporation for $8,500, terms 1/10,n/30. Purchased merchandise from Ryan Company for $1,000, n/30. Received payment from Mann Company for purchase of April 1 less appropriate discount Paid Wild Corporation for April 2 purchase. 1 2 4 10 11 Journalize the April transactions for Cullumber Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of good sold) Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 9 10 12 Purchased calculators from Wildhorse Co. at a total cost of $1,680, terms n/30. Paid freight of $60 on calculators purchased from Wildhorse Co. Returned calculators to Wildhorse Co. for $65 credit because they did not meet specifications. Sold calculators costing $520 for $670 to Fryer Book Store terms n/30. Granted credit of $35 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $22 Sold calculators costing $540 for $760 to Heasley Card Shop, terms n/30. 14 20 Date Account Titles and Explanation Debit Credit (To record sale of calculators on account) (To record cost of calculators sold) (To record return of calculator that was not ordered) (To record cost of calculators returned) (To record sale of calculators on account) (To record cost of calculators sold)

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