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Bali Sales Company experienced the following events: 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on

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Bali Sales Company experienced the following events: 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4. Sold merchandise inventory for cash. 5. Paid cash on accounts payable not within the discount period. 6. Sold merchandise inventory on account. 7. Paid cash for selling and administrative expenses. 8. Paid cash for transportation-in. 9. Collected cash from accounts receivable. 10. Paid cash for transportation-out.

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