I need help with P5-2A...

chart Inventory. oracc Receivable, No. Allowances 414 No. 412 Sales Returns and transactions for the month o July for Ready-Set-Go, Ltd. using a pe completed the following merchandising trans. he of cash ventory system ing Company beginning of Apr P5-2A Vree Dis Jatenta post and prepare ons in the mo th of April. of terms 1/10 000 and Share Cap ordinary Co. 6,200, Purchased merchandise on account from Walk Supply 1/10, n/30. Th n/30. account 5,500, FoB destination, terms Sold merchandise on 3,400 st of the merchandise sold was partial income statement (LO 2, 3, 5) 6 Received credit from Walker Supply Co. for merchandise returned 500 Walker Supply Co. in full, less discount customers billed on April 4 13 Received collections in full, less discounts, from 4 Purchased merchandise for cash 3,800. of 16 Received refund from supplier for returned goods on cash purchase 18 April 14, 500 4,500, B shipping point Purchased merchandise from Benjamin Distributors terms 2/10, n/30 20 Paid freight on April 18 purchase 160 23 Sold merchandise for cash 7,400. The merchandise sold had a cost of 4,120. Purchased merchandise for cash 2,300. 26 27 Paid Benjamin Distributors in full, less discount. 29 Made refunds to cash customers for defective merchandise 90. The returned merchandise had a fair value of 30. 30 Sold merchandise on account 3,400, terms n/30. The cost of the merchandise sold was 1,900 Inte Instructions an income sia (a) ment of financial posit (b) Journalize the adjusti c) Journalize the closing P5-4A J. Zheng, a forme at the Yalong River Reso Tennis Shop showed Cas The following transactio 4 Purchased ra Apr. terms 2/10, n Paid freight c 8 Sold merchan cost of Y790 10 Received cr 11 Purchased t Paid Jay-M 13 14 Purchased point, tern 15 Received c was return Paid freig 17 18 Sold mer sold was 20 Received