1) The adjusted trial balance of Nick Company contained the following information: Advertising Expense.. ......$ 15,000 Cost of Goods Sold.... ....... 323,000 Freight-out 2,000 Interest Expense... 18,000 Interest Revenue ... 6,000 Sales Discounts ........ . 7,000 Sales Returns and Allowances .. . 15,000 Sales Revenue ...... 560,000 Sales/Retail Store Office Office Space Depreciation Expense. 4,000 Salaries Expense ... . 45,000 20,000 Utilities Expense. 16,000 12,000 Instructions Use the above information to prepare a multiple-step income statement for the year ended December 31, 2 4,000 368 words Track Changes: Off Presented below are transactions related to Westmen's Company. On December 3, Westmen's Company sold $400,000 of merchandise to Mayra Co., terms 2/10, 1/30, FOB shipping point. The cost of the merchandise sold was $240,000. On December 8, Mayra Co. was granted an allowance of $20,000 for merchandise purchased on December 3. On December 13, Westmen's Company received the balance due from Mayra Co. Instructions Prepare the journal entries to record these transactions on the books of Westmen's Company using a perpetual inventory system General Journal " G1 Date Account Title and Explanation Ref. Debit Credit / / / / / / / / / /