General Journal entry options:

• No Journal Entry Required
• Accounts Payable
• Accounts Receivable
• Accumulated Amortization
• Accumulated DepreciationBuildings
• Accumulated DepreciationEquipment
• Accumulated DepreciationVehicles
• Accumulated Other Comprehensive Income
• Additional Paid-In Capital, Common Stock
• Additional Paid-In Capital, Preferred Stock
• Additional Paid-In Capital, Treasury Stock
• Advertising Expense
• Allowance for Doubtful Accounts
• Amortization Expense
• Bad Debt Expense
• Bonds Payable
• Buildings
• Cash
• Cash Equivalents
• Cash Overage
• Cash Shortage
• Charitable Contributions Payable
• Common Stock
• Copyrights
• Cost of Goods Sold
• Deferred Revenue
• Delivery Expense
• Depreciation Expense
• Discount on Bonds Payable
• Dividends
• Dividends Payable
• Donation Revenue
• Equipment
• FICA Payable
• Franchise Rights
• Gain on Bond Retirement
• Gain on Disposal of PPE
• Goodwill
• Impairment Loss
• Income Tax Expense
• Income Tax Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Inventory - Estimated Returns
• Land
• Legal Expense
• Licensing Rights
• Logo and Trademarks
• Loss on Bond Retirement
• Loss on Disposal of PPE
• Natural Resource Assets
• Notes Payable (long-term)
• Notes Payable (short-term)
• Notes Receivable (long-term)
• Notes Receivable (short-term)
• Office Expenses
• Other Current Assets
• Other Noncurrent Assets
• Other Noncurrent Liabilities
• Other Operating Expenses
• Other Revenue
• Patents
• Payroll Tax Expense
• Petty Cash
• Preferred Stock
• Premium on Bonds Payable
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Refund Liability
• Rent Expense
• Rent Revenue
• Repairs and Maintenance Expense
• Restricted Cash (long-term)
• Restricted Cash (short-term)
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Revenue
• Sales Tax Payable
• Service Revenue
• Short-term Investments
• Software
• Subscription Revenue
• Supplies
• Supplies Expense
• Travel Expense
• Treasury Stock
• Unemployment Tax Payable
• Utilities Expense
• Vehicles
• Withheld Income Taxes Payable

Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use a perpetual inventory systenm December 3- Vogel Corporation sold inventory on account to Hatcher Corp. for $240,000, terms 2/10, n/30. This inventory originally cost Vogel $160,000 December 8- Hatcher Corp. returned inventory to Vogel Corporation for a credit of $15,000. Vogel returned this inventory to inventory at its original cost of $10,000 December 12 - Hatcher Corp. paid Vogel Corporation for the amount owed. Required a. Prepare the journal entries to record these transactions on the books of Vogel Corporation b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporation's gross profit percentage? Complete this question by entering your answers in the tabs below Required A Required B Required C Prepare the journal entries to record these transactions on the books of Vogel Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 4 Record the entry for sale of inventory on account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 03 Record entry Clear entry View general journal View transaction list Import a new list 1 Record the entry for sale of inventory on account. Record the entry for cost of inventory sold on account from inventories. 2 3 Record the entry for return of inventory sold on account./ Record the entry for reversal of cost of inventory sold on account 4 Credit Record the entry for receipt of accounts receivable and related sales discount for terms 2/10, n/30. 5 Note:-journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below Required A Required B Required C What is the amount of net sales to be reported on Vogel Corporation's income statement? Net Sales Required A RequiredC> Complete this question by entering your answers in the tabs below. Required A Required BRequired C What is the Vogel Corporation's gross profit percentage? (Round your answer to the nearest whole percent (ie, 0.1234 should be entered as 12).) Gross profit percentage KRequired B Required C