centerwin@yes Michelle Kelson & CCT 1500, W21 Section 1 Homework: Homework Chapter 5 ore: 0.65 of 10 pts Problem 5-3A (similar to) 8 of 8 (1 complete) " -Plus Distributing Company uses the perpetual inventory system and engaged in the following transactions during January of the current year (Click the icon to view the transactions.) Cequired Journalize the preceding transactions on the books of A-Plus Distributing Company. Suppose the balance in Inventory was $32,000 on January 1. What is the balance in inventory on January 312 anuary 7. Purchased inventory on credit terms More Info HW Score X Date Jan Jour Account Jan 3 Purchased office supplies for cash, $27,000. 7 Purchased inventory on credit terms of 3/10, net eom, $88,000. 8 10 Returned 25 percent of the inventory purchased on January 7. It was not the inventory ordered Sold goods for cash, $31.000 (cost. $18,600) 13 Sold inventory on credit terms of 2/15, n/45, for $164,000, less a $16.400 quantity discount offered to customers who purchase in large quantities (cost, $98,400) 16 Paid the amount owed on account from the purchase of January 7, less the discount and the return 17 Received wrong-sized inventory as a sales return from January 13 sale, $30,000, which is the net amount after the quantity discount. A-Plus's cost of the inventory received was $18,000. Choose from any list or enter any number in 18 Purchased inventory of $180,000 on account Payment terms were 2/10, net 30 26 Paid supplier for goods purchased on January 18 Activate Win 13 parts remaining Type here to search 28 Received cash in full settlement of the account from the customer who purchased inventory on January 13, 31 Purchased inventory for cash, $90,000, less a quantity discount of $9,000 plus freight charges of $2,600 et Che e DELL