Instructions Chart of Accounts Journal Instructions On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10,n/30. The cost of the goods sold was $11,200. On December 31, 2043, Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January 3, 2014, Silverman Enterprises issued Beasley Co. a credit memo for returned merchandise. The invoice amount of the returned merchandise was $4,000 and the merchandise originally cost Silverman Enterprises $2,350. A. Journalize the entries by Silverman Enterprises to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system B. Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co. on January 3, 2014 C. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7, 2014 CHART OF ACCOUNTS Silverman Enterprises General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable-Beasley Co. 610 Rent Revenue 125 Notes Receivable EXPENSES 130 Inventory 131 Estimated Returns Inventory 510 Cost of Goods Sold 140 Office Supplies 141 Store Supplies 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 142 Prepaid Insurance 180 Land 192 Store Equipment 526 Salaries Expense 321 Delivery caperise Chart of Accounts 740 Umice Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 533 Insurance Expense LIABILITIES 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 220 Unearned Rent 221 Notes Payable art of Accounts 195 Accumulated Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense LIABILITIES 536 Credit Card Expense 210 Accounts Payable 539 Miscellaneous Expense 216 Salaries Payable 710 Interest Expense 218 Sales Tax Payable 219 Customer Refunds Payable 220 Unearned Rent 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends