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Journalize the following transactions for Nelson Company. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction. May 1 Sold goods costing $7,200 to Jenkins Company for cash, $12,000. May 7 Jenkins Company returned undamaged merchandise, purchased on May 1, for a cash refund, $1,690. Date Account Title Debit Credit ? Turner Company has the following account balances, extracted from its multiple-step income statement for the current year. Required: Compute the missing amounts. Sales Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Selling Expenses General and Administrative Expenses Total Operating Expenses Net Income X $ 112,100 1 3,300 59,400 44,400 10,400 20,200 c