EASY LTD Unadjusted Trial Balance 30 November 2020 Debit Credit 100.000 175.000 25,000 50.000 80,000 28,800 200,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Equipment Accumulated Depreciation-Equipment Building Accumulated Depreciation - Building Accounts Payable Short-term Financial Debt Long-term Financial Debt Common Stock Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salary & Wage Expense Utility Expense Supplies Expense Total 8,000 60,000 7.238 92.76 185,200 550.000 25,000 25.000 200,000 60,000 30,000 12,000 957,000 $957,000 Transactions Easy Ltd. is a retailer following the perpetual inventory method. Assume that there are no credit transactions and all amounts are settled in cash. The following information for Easy Ltd. for the month of December 2020 are provided below: Unit Cost or Selling Price Date Description Quantity ($) December 1 Beginning inventory (as stated in trial balance) December 10 Purchase December 12 Purchase retum December 20 Sale 1.-3. Journalize each of the transactions by following FIFO cost flow assumption. 100 500 600 150 50 125 600 Soo 4--5. Easy LTD management authorizes a write-off of the $5,000 balance on December 21, 2020. After write-off, aging schedule for Easy LTD is presented below. -60 Os Number Daya De Total INAY Der DOGO 50.000 al 40.00 20.000 19.00 20.00 10. DOO 25.000 2GO TOO DOO Total Emated Pape Unte 24