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Obj. 2 through E, are presented in the EX 5-12 Sales-related transactions following T accounts. Describe each transaction. Cash Sales 41,160 9,200 Accounts Receivable 41,160

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Obj. 2 through E, are presented in the EX 5-12 Sales-related transactions following T accounts. Describe each transaction. Cash Sales 41,160 9,200 Accounts Receivable 41,160 C Cost of Goods Sold 25,200 1,960 39,200 Inventory 1,200 B 25,200 Estimated Returns Inventory 1,200 Customer Refunds Payable 1,960

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