1. JR Co. has the following selected information for 20x1: Purchase Returns & Allowances $15,000 Inventory on Jan 1, 20X1 $83,000 Freight-In $7.000 Purchases $120.000 Freight-Out 59 250 Purchase Discounts 55.000 Inventory on Dec 31, 20x1 560.000 What is JR's Cost of Goods Sold for 20X1? Do not include any words or signs in your answer, enter number only e following are independent true or false questions. For each, type one word as your answer type either the clude quotation marks.) adjusting entry related to an accrual is recorded after a company pays or receives cash. come Summary account doesn't appear on a company's post-closing trial balance. se is ACC 201. What is JR's Cost of Goods Sold for 20X1? Do not include any words or signs in your answer: enter II. The following are independent true or false questions. For each, type one word as your answer: type not include quotation marks.) An adjusting entry related to an accrual is recorded after a company pays or receives cash. . The Income Summary account doesn't appear on a company's post-closing trial balance. This course is ACC 201