Account Name 1 Inventory Cash Dr. 360,000 Cr. 0 0 360,000 2 Cash 18,000 0 Inventory 0 18,000 3 Accounts Receivable 450,000 0 Sales Revenue 0 450,000 To record sale Cost of Goods Sold Inventory To record sale 4 Sales Returns Cash To record sales return Inventory Cost of Goods Sold To record cost of return 5 Cost of Goods Sold Inventory 6 Expenses Cash 7 Loss on Inventory Shortage Inventory 324,000 0 0 324,000 2,500 0 0 2,500 > > 1,800 0 0 1,800 >> 1,800 0 0 1,800 47,800 0 0 47,800 1,800 0 0 1,800