INSTRUCTIONS: For O'Neill's, indicate the accounts to be debited and credited in recording the selected transactions described below by inserting the letter designation for the accounts in the appropriate columns. The perpetual inventory system is used.

ACCOUNTS

A. Accounts Payable E. Merchandise Inventory I. Dividends

B. Accounts Receivable F. Office Supplies J. Sales

C. Cash G. Office Supplies Expense K. Sales Discounts

D. Cost of Merchandise Sold H. Capital Stock L. Sales Returns and Allowances

TRANSACTIONS	Debit		Credit
0. Purchased office supplies for cash	F		C
12. Sold merchandise on account
34. Received a return of part of the merchandise sold in Question 12
56. Received cash for merchandise sold in Questions 12 and 34 within the discount period
78. Purchased merchandise on account
910. Returned part of the merchandise purchased in Question 78