1. Define the difference periodic and perpetual inventory systems
2. Transaction about returning merchandise
3. Revenue account that is being impacted that is being effected
4. Transaction and have to select the accounts that are impacted by it
5. Perpetual inventory

We record sale revenue and cost of good sold during the time of the sale

6. Periodic inventory

We do not record the cost of good sold because we wont know that until we do inventory at the end of the year

7. Sales return and how do you handle it on a financial statement
8. Transaction about making a cash discount
9. Definition of post profit
10. Calculation of gross profit (steps)

Answer as many as you can please