1)

The first column is for +,-, or NE the second column is for numbers

2)

The transactions listed below are typical of those involving Amalgamated Textiles an a wholesale merchandiser and American Fashions is a retail Amalgamated to American Fashions are made with terms n/60, and the two companies use perpetual inventory systems Assume the following transactions between the two companies occurred in the ord December 31 American Fashions. Amalg amated is merchandiser. Assume all sales of merchandise from er listed during the year ended a. Amalgamated sold merchandise to American Fashions at a selling price of $330,000. The merchandise had cost b. Two days later, American Fashions returned goods that had been sold to the company at a price of $39,500 and Amalgamated $215,000 complained to Amalgamated that some of the remaining merchandise differed from what American Fashions had ordered. Amalgamated agreed to give an allowance of $6,500 to American Fashions. The goods returned by American Fashions had cost Amalgamated $25,270. c Just three days later, American Fashions paid Amaigamated, which settled all amounts owed. Required: 1. Indicate the amount and direction of the effect (- for increase.- for decrease, and NE for no effect) of each transaction on the Inventory balance of American Fashions. (Enter all amounts as positive values.)