eums and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold Jourmalize the transactions for the month of July for Odom using a perpetual . FIFO Yemi Lod. is a retailer operating in Edmonton, Alberta. Yemi uses the perpetual entory method. All sales returns from customers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions, all are settled in cash. You are provided with the following information for Yemi Ltd. for the month of January 2012. uaianice Cash Loss on discontinuing operation Accounts receivable Cost of goods sold Selling expenses Gain on sale of plant assets Administrative expense Inventories Prepaid expenses $102.700 1.500 60,800 99.460 9,670 5.000 9.000 126,900 0 1.000 29.000 297,500 Investments Loss from assets impairment Plant assets Restructuring Charge Accumulated depreciation Income taxes Accounts payable Accrued expenses payable Bonds payable Common stock Retained eamings 79,500 1.000 315.000 940 (44.500) 37.270 57.700 15.100 145.000 250.000 59.940 laterest expense Depreciation expense Sales Instruction: Prepare 2. Condensed financial data of Ziebert Company at Dec. 31.2012 are shown below. an income statement, a statement of retained earnings and classified balance sheet