11. What is the 4 line journal entry to record a sale on account of inventory for a retail business? 12. What is the 4 line journal entry to record an actual return from a credit customer of inventory for a retail business? 13. Who pays for shipping in the following situations? FOB Shipping Point - FOB Destination - 14. What journal entry is recorded for the buyer when a buyer pays freight and the terms are FOB Shipping point? 15. What journal entry is recorded for the buyer and the seller when a seller pays freight and the terms are FOB Shipping point? 16. What journal entry is recorded for the seller when a seller pays freight and the terms are FOB Destination? 17. Define Inventory Shrinkage/Shortage. What two accounts are used in this adjusting entry?_ 18. What is the estimated Customer Returns and Allowances adjusting entry (Hint: 4 lines|2_ 19. list the order of the main categories in a Multiple Step Income Statement 20. What does the Single Step Income Statement emphasize? 21. For a Merchandising Business, What are the two closing entries? I 22. What does the Asset Turnover ratio measure