Amounts of money borrowed from lenders are which of the following? Expense O Revenue Liability o Asset 2 of 25 The Wolfe Company recently lost its entire inventory in a fire. The accounting records reflect the following information: ginning Inventory $34,000 et Purchases et Sales 220,400 378,000 Profit Rate Using the gross profit method, estimated inventory is S34,000 Cannot be determined with given information. $101,760 $27,600 3 of 25 Every entry in the general journal should include all of the following except the title of each account affected the balance of the accounts affected. the amounts of debits and credits. a brief description of the transaction