A)This information relates to Carla Vista Co.. 1. On April 5, purchased merchandise from Wildhorse Company for $28,300, terms 2/10, n/30.

2. On April 6, paid freight costs of $500 on merchandise purchased from Wildhorse Company.

3. On April 7, purchased equipment on account for $34,200.

4. On April 8, returned $4,500 of April 5 merchandise to Wildhorse Company.

5. On April 15, paid the amount due to Wildhorse Company in full.

B)In its income statement for the year ended December 31, 2017, Tamarisk, Inc. reported the following condensed data. Operating expenses $ 826,500 Interest revenue $ 37,620 Cost of goods sold 1,431,840 Loss on disposal of plant assets 19,380 Interest expense 79,800 Net sales 2,508,000 Income tax expense 53,580 Other comprehensive income (net of $1,370 tax) 9,460

C)Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 Purchased calculators from Dragoo Co. at a total cost of $1,740, terms n/30. 9 Paid freight of $50 on calculators purchased from Dragoo Co. 10 Returned calculators to Dragoo Co. for $55 credit because they did not meet specifications. 12 Sold calculators costing $480 for $720 to Fryer Book Store, terms n/30. 14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $33. 20 Sold calculators costing $600 for $790 to Heasley Card Shop, terms n/30.

D)Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the companys fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable $ 35,376

Accounts Receivable 22,704

Accumulated DepreciationEquipment 89,760

Cash 10,560

Common Stock 46,200

Cost of Goods Sold 810,876

Freight-Out 8,184

Equipment 207,240

Depreciation Expense 17,820

Dividends 15,840

Gain on Disposal of Plant Assets 2,640

Income Tax Expense 13,200

Insurance Expense 11,880

Interest Expense 6,600

Inventory 34,584

Notes Payable 57,420

Prepaid Insurance 7,920

Advertising Expense 44,220

Rent Expense 44,880

Retained Earnings 18,744

Salaries and Wages Expense 154,440

Sales Revenue 1,193,280

Salaries and Wages Payable 7,920

Sales Returns and Allowances 26,400

Utilities Expense 13,992

E)Powell Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. June 1 Purchased books on account for $1,760 (including freight) from Catlin Publishers, terms 4/10, n/30. 3 Sold books on account to Garfunkel Bookstore for $1,750. The cost of the merchandise sold was $850. 6 Received $60 credit for books returned to Catlin Publishers. 9 Paid Catlin Publishers in full. 15 Received payment in full from Garfunkel Bookstore. 17 Sold books on account to Bell Tower for $1,750. The cost of the merchandise sold was $700. 20 Purchased books on account for $850 from Priceless Book Publishers, terms 3/15, n/30. 24 Received payment in full from Bell Tower. 26 Paid Priceless Book Publishers in full. 28 Sold books on account to General Bookstore for $1,950. The cost of the merchandise sold was $980. 30 Granted General Bookstore $140 credit for books returned costing $50.