4 accounting 2 questions. Thanks

D Wholesale Company began the year with merchandise inventory of $10,000. During the year, D purchased 598.000 of goods, had purchase discounts of $200 and returned $6 800 due to damage D also paid freight charges of $1,300 on inventory purchases. At year-end, D's ending merchandise inventory balance stood at $17,400. Assume that D uses the periodic inventory system Compute D's cost of goods sold for the year Less: Plus Less Cost of Goods Sold On December 31, Dan Photography Supplies estimated that $12,000 merchandise sold will be returned with a cost of $4800 Journalize the adjusting entries needed to account for the estimated returns. (Assume the company uses a perpetual inventory system. Record debits first, then credits Select the explanation on the last line of the journal entry table) (1) Begin by preparing the entry for the estimated refunds. Do not prepare the entry to record the estimated return of merchandise with this entry. We will do that in the following step Date Accounts and Explanation Debit Credit Dec 31 Sales Revenue Refunds Payable (2) Prepare the entry for the estimated return of merchandise. Date Accounts and Explanation Debit Credit Dec. 31 Consider the following transactions for Galia Packing Supplies Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions assuming Galia Packing Supplies uses the periodic inventory system Explanations are not required. 2. What is the net cost of inventory purchased? Requirement 1. Journalize the purchase transactions assuming Galia Packing Supplies uses the periodic inventory system Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries.) Apr 10 Galia Packing Supplies buys $165,000 worth of merchandise inventory on account with credit terms of 3/10,n/30, from Windin Date Accounts Debit Credit Apr 10 Apr. 12. Galia returns 512.000 of the merchandise to Windin due to damage during shipment Date Accounts Debit Credit Apr 12 Apr 19. Galia paid the amount due less the return and discount to Windin Date Accounts Credit Apr 19 Requirement 2. What is the nel cost of inventory purchased? The net cost of inventory purchased is DBL Printing Supplies accounting records include the following accounts December 31, 2024 ck the icon to view the accounts and balances) Requirements 1. Journalize the required closing entries for O&L Printing Supplies in that uses the periodic inventory system 2. Determine the ending balance in the Teller, Capital account Requirement 1. Journalize the required dosing entries for DSL Printing Supplies assuming that O&L uses the periodi inventory System Record debits first then credits Select the explanation on the lastne of the journal entry table) Start by closing the revenue and other credit accounts and record ending merchandise Inventory Date Accounts and Explanation Debit Credit Dec 31 Clene expenses and other debit accounts and remove beginning merchandise inventory Date Accounts and Explanation Dec 31 Debit Credit Close Income Summary Date Accounts and Explana Debi Conde Dec 31 Close withdrawal Date Account and Explanation Credi Dec 31 Requirement 2. Determine the ending balance in the Teller, Capital account The endog.captabletice at December 31, 2024.in