Chart of Accounts for Recording Transactions: Unrealized Gain/Loss on Investment 1 Cash 41 Retained Earnings 2 Marketable Securities 42 3 Accounts Receivable 50 4 Inventory 22 Equipment 23 Accumulated Depreciation 25 Intangible Assets 30 Accounts Payable 32 Notes Payable 40 Capital Stock 51 Sales Sales Discounts, Returns & Allowances 60 Cost of Goods Sold 61 Discounts Taken 62 Discounts Lost 70 Operating Expenses 75 Depreciation/Amortization Expense 80 Realized Gain/Loss on Investment Your Favorite Merchandising Company ('YFMC') uses a perpetual inventory system. A partial chart of accounts is shown on page 2 of the accompanying supplement (Note: some of the accounts on the accompanying supplement may not be used, while other accounts may be used more than once). Indicate the general ledger account number(s) that should be debited and credited in recording each of the following transactions. Transactions Example: Purchased common stock of XYZ Corporation for cash A Purchased equipment, with a 5-year useful life, from ABC Corp in exchange for a 5-year note. B Purchased merchandise (from domestic supplier) on account, terms 2/10 n/30 (net purchase method) C Purchased patent on special production process for cash, providing YFMC with exclusive use of this patent process for 10 years. D Sold merchandise on account (perpetual system), terms 3/10, n/20 E Collected partial payment in cash from the customer in D above. Customer made partial payment within the discount period and deducted the discount from the amount received. F Sold a portion of the common stock acquired (see above Account(s) Account(s) Debited Credited A discount period and deducted the discount from the amount received. F Sold a portion of the common stock acquired (see above example) for more than the amount originally paid for such stock G Paid supplier for some of the merchandise purchased in transaction B, within the discount period (net purchase method). H Customer in transaction D above, returned some of the merchandise and received full credit for the original sales price (returned items were in good condition and were returned to inventory) Took a physical inventory at year-end and recorded the amount representing inventory shrinkage J Paid for the remaining merchandise purchased in transaction B, after the discount period (net purchase method). K Recorded adjusting entry related to the equipment purchased in transaction A L Recorded mark-to-market adjustment associated with the remaining investment in common stock of XYZ Corporation as of the end of the year (note: the market value of the stock was lower than the original cost of such stock)