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Exercise 5-11 Your answer is partiaily correct. Try again. The following selected accounts from the Grouper Corp.'s general ledger are presented below for the year ended December 31, Advertising expense 47,300 Interest revenue Common stock 25,800 57,620 20,640 460,100 580,500 7,310 35,260 2,064,000 15,000 Inventory Cost of goods sold 933,100 107,500 129,000 Rent revenue Retained earnings Salaries and wages expense Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense 21,500 Sales discounts 60,200 12,900 60,200 Sales returns and allowances Sales revenue Prepare a multiple-step income statement GROUPER CORP For the Year Ended December 31, 2017 Sales 2064000 Less 35260 Sales Returns and Allowances of Goods Sold 3526 ns ang Allowances Sales Discounts 7310 42570 Net Sales 2021430 Cost of Goods Sold 933100 Gross Profit 1088330 Advertising Expense 47,300 107,500 Expense Salaries and Wages Expense 580,500 12,900 21,500 Freight-Out 769700 Total 318630 Income From Other and Gains Revenue 25,800 20,640 Rent Revenue and Losses Click if you would ske to Show Work for this question Quen Sthom Wrs SHoW LIST OF ACCOUNTS Exercise 5-1 Your answer is partially correct. Try again. This information relates to Oriole Co. 1. On April s, purchased merchandise from Ivanhoe Company for $27,900, terms 4/10, n/30 2. On Apri 3. On Apri 7, purchased equipment on account for $32,700 4 On April 8, returned $4,800 of April 5 merchandise to Ivanhoe Company 6, paid freight costs of $520 on merchandise purchased from Ivanhoe Company On April 15, paid the amount due to Ivanhoe Company in ful Prepare the journal envtries to Do net indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Credit 1. AprilS Inventory 27900 Accounts Payable 27900 2. April 7 32 5. Aprl 15 that Oriole Co. paid the balance due to Ivanhoe Company on May 4 instead of Apre 1s. Prepare the journal entry to record this payment. (no entry is reg is entered. Do not indent manually Record Jeurmal entries in rhe erder presented in the