O Cash and credit card sales What's Duc Select Date I o Sales on account Today ( o Sales discounts Tomorrc Chapter 5 Fall 2020 o Sales returns and allowances CH This Wer . Estimating sales returns Chapter 5 Fall 2020 Te ECN 211 - Fall 2020 Actual return of inventory ECN 211 - Fall 2020 Sales allowance ECN 211-1 Fall 2020 SE Future o Transportation costs-Freight out Bu Dr 4. What are the adjusting and closing entries for a merchandising business? Adjusting merchandise inventory based on a physical count o Closing the accounts of a merchandiser To Do 5.How are a merchandiser's financial statements prepared? Body What's Due o Income statement Select Date I Style Today ( Font Calibri Tomorr Regular Chapter 5 Fall 2020 B 1 . Single-step income statement Characters This Wei Text Color Multi-step income statement Chapter 5 Fall 2020 ECN 211 Fall 2020 ECN 211 Fall 2020 ECN 2111 Fall 2020 Statement of retained camnings and the balance sheet 6. How do we use the gross profit percentage to evaluate business performance? Spacing Future Bullets & Lis 7. How are multiple performance obligations recorded in a perpetual inventory system? (Appendix 5A) Drop Cap 8.How are merchandise inventory transactions recorded in a periodic inventory system? (Appendix 5B) Purchases of merchandise inventory DO 6. How do we use the gross profit percentage to evaluate business performance? t's Due 7.How are multiple performance obligations recorded in a perpetual inventory system? (Appendix 5A) ct Date oday (o 8.How are merchandise inventory transactions recorded in a periodic inventory system? (Appendix 5B) Tomorro Purchases of merchandise inventory hapter 5 Fall 2020 C This Wei Recording purchase returns and allowances Te hapter 5 Fall 2020 ECN 211 - Fall 2020 Recording transportation costs ECN 211 - Fall 2020 Sale of merchandise inventory ECN 211- Fall 2020 Preparing financial statements S Future BL Adjusting and closing entries D I need every definition for each line, every single word please