Exercise 5A-8 Presented below is information related to Swifty Co. for the month of January 2017 Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $28,000 25,000 222,000 6,000 6,000 10,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $13,000 20,000 52,000 14,000 413,000 Exercise 5A-8 Presented below is information related to Swifty Co. for the month of January 2017. Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $28,000 25,000 222,000 6,000 6,000 10,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $13,000 20,000 52,000 14,000 413,000 Exercise 5A-8 Presented below is information related to Swifty Co. for the month of January 2017 Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $28,000 25,000 222,000 6,000 6,000 10,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $13,000 20,000 52,000 14,000 413,000 Exercise 5A-8 Presented below is information related to Swifty Co. for the month of January 2017. Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $28,000 25,000 222,000 6,000 6,000 10,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $13,000 20,000 52,000 14,000 413,000