At the end of a period, the inventory account is _________________________.

8. Gross sales less sales discounts and sales returns and allowances equals ______________________ _____________________.

9. When unearned revenue is earned, the revenue will go ______________________.

10. Sales returns and allowances are used in calculating ______________________ ______________________.

11. Ending inventory represents goods not yet __________________________.

12. Inventory is increased by a ____________.