110 Cash 111 Accounts Receivable 45.300 177,100 112 Inventory 251,400 113 Estimated Returns Inventory 8,100 114 Supplies 115 Prepaid Insurance 120 Land 15,300 30,000 170,000 121 Equipment 122 Accumulated Depreciation--Equip 210 Accounts Payable 211 Customer Refunds Payable - 212 Salaries Payable 213 Interest Payable 214 Uneamed Rent 897.100 229.600 37.810 25.200 33.200 220 Notes payable (final payment due in 4 years) 50,000 310 Common Stock, $1 par 180.000 311 Retained Eamings 480.200 312 Dividends 75,000 410 Sales 4.350,400 510 Cost of Goods Sold 2.234.800 520 Sales Salaries Expense 658.700 521 Advertising expense 220,000 522 Delivery Expense 45.210 523 Rent expense 125,000 524 Miscellaneous selling expense 42.800 530 Office Salaries Expense 357,000 531 Depreciation Expense-Equip 29,600 532 Insurance Expense 0 533 Supplies Expense 610 Rent revenue 710 Interest Expense O 3,000 No transactions affecting common stock occurred during this fiscal year. During December, the last month of the fiscal year, the following transactions were completed Dec 1 Purchased $24,500 of merchandise on account, FOB shipping point, terms 1/10.n/30. 3 Paid transportation costs of $520 on the December 1 purchase 5 Returned $3,800 of the merchandise purchased on December 1 10 Paid for the purchase of December 1 less the return and the discount 11 Sold merchandise on account, $12,700, FOB destination, n30. The cost of the goods sold was $7,800 12 Paid transportation charges of $300 for the goods sold on December 11. 15 Received payment from customers on account for sales prior to December, $9,250. No discounts. 22 Received payment on account for the sale of December 11. 23 Purchased supplies on account, neom, $700 26 Paid amounts owed to creditors on account for purchases prior to December, $9,040. No discounts. 27 Paid sales salaries, $2,300, and office salaries, $1,400 28 Sold merchandise with a list price of $16,500 to customers who used Visa and Mastercard and who redeemed $2,100 of point-of-sale coupons. The cost of the goods sold was $11,200 29 Paid customer a cash refund of $2,210 for returned merchandise from the sale of Dec. 11. The cost of the returned merchandise was $1.212 30 Paid rent for store equipment for December, $1,000 31 Paid cash for a web page advertisement, $680.