I need a detailed breakdown of each of these, the answers are provided at the bottom.

Acct 350: Under and Over Statements 1. Alpha erroneously failed to record a purchase discount for inventory that had been purchased during the year using the periodic inventory system. ( 1) contra expense 2. Alpha failed to record the prepayment of one year of rent paid. Alpha also failed to record an AJE at the end of the year when there was still one month of rent remaining on the lease. ( 1) 3. Alpha failed to record the return of merchandise for cash from a customer. Alpha uses the periodic inventory system. ( 3) sales returns contra revenue account - debit 4. In the third month of the year, Alpha paid cash for one year of rent and recorded it as an expense. Alpha also failed to record the required AJE. (3) 5. Alpha failed to record the return of inventory for a credit to the manufacturer ( periodic inventory system). ( 5) 6. Alpha recorded the prepayment of one year of rent as a debit to rent expense and a credit to accounts payable. Alpha failed to record an AJE at the end of the year when there was still two months of rent remaining on the lease. (5) 7. Alpha paid a dividend to shareholders (to satisfy dividends payable) but erroneously recorded it as a cash paid to satisfy and account payable. (5) 8. Alpha sold merchandise to Beta on credit with terms F.O.B Destination. As of December 31, the merchandise had not yet been received by Beta. Alpha recorded the sale and did not count the merchandise in the ending inventory (periodic system). (5) 9. Alpha failed to record a cash refund from a vendor for the return of inventory that had been purchased by Alpha during the year using the periodic inventory system. ( 6) 10. Alpha failed to record the purchase of inventory on account using the periodic inventory system. (6) Solutions to Under and Over Statements # 1 2 3 4 5 6 7 8 9 O O U N O N O U 10 N Assets O /U N N N O O N N N U Liabilities O/ N O O U U U N O U O Net Income U/ U