Inventory LS- 200 9 Accounts Payable 5500 Inventory 5445 Cash 55 15 18 Inventory 2000 Accounts Payable 2000 21 No Entry (Return of merchandise, assuming goods are resaleable and returned to inventory) STANDARD VIEW PRINTER VERSION 31 Cost of Goods Sold Inventory SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXTLINK TO TEXT Your answer is partially correct. Try again. Set up T accounts, enter the opening balances, and post the transactions. (Post entries in the order of journal entries presented in the previous part.) Cash May 1 Bal. || May 4 x2 May 3 May 22 May 29 May 31 Bal. Accounts Receivable May 1 Bal. Accounts Receivable May 1 Bal. > Inventory May 1 Bal May 31 Bal. Supplies May 1 Bal. May 31 Bal. Common Shares Accounts Payable Sales MAN MOM Sales Returns and Allowances Sales Discounts Freight Out Cost of Goods Sold DD Retained Earnings