PLEASE ANSWER ASAP

Toons Wholesale has the following transactions during the month of August 2021: Aug. 1 Purchased inventory from Bugs Inc. for $14.000, FOB destination, terms 1/10 n/30 Aug. 2 The appropriate company paid $100 freight on the August 1 purchase. Aug. 6 Returned $4,000 worth of goods to Bugs as they were the wrong size. Aug. 7 Sold half of the remaining inventory purchased from Bugs to Daffy Inc. for $7,500, FOB destination, terms 2/20 n/30. Aug. 8 The appropriate company paid $120 freight on the August 7 sale. Aug. 10 Paid Bugs the entire amount owed to him. Aug. 12 Purchased inventory worth $8,000 from Elmer Inc., FOB shipping point, terms 3/15 n/45. Aug. 13 The appropriate company paid $150 freight on the August 12 purchase. Aug. 17 Sold half of the inventory purchased from Elmer to Porky Ltd. for $6,000, FOB shipping point, terms 3/10 n/20. Aug. 18 The appropriate company paid $80 freight on the August 17 sale. Aug. 22 Porky returned $1,500 worth of the goods bought on August 17 as you shipped the wrong colour. Aug. 25 Porky paid their outstanding balance. Aug. 30 Daffy paid their outstanding balance. Aug. 31 Paid Elmer the entire amount owed to him. Record all of the transactions into the expanded accounting equation, with account names, and then answer the following questions. How would Toons Wholesale record the August 18 transaction? a) Decrease both Cash and Inventory b) Increase both Accounts Payable and Freight Expense c) Decrease Cash and increase Freight Expense d) Decrease Cash and lincrease Inventory e) No entry Question 83 (1 point) How would Toons Wholesale record the August 22 transaction? a) Increase Inventory and decrease Cost of Goods Sold $1,000 each, and decrease Accounts Receivable and increase Sales Returns $1,500 each b) Increase Inventory and decrease Cost of Goods Sold $1,500 each, and decrease Accounts Receivable and increase Sales Returns $1,500 each c) Increase Inventory and decrease Cost of Goods Sold $1,000 each d) Decrease Accounts Receivable and increase Sales Returns $1,500 each e) Increase Inventory and decrease Cost of Goods Sold $1,000 each, and decrease Accounts Receivable and increase Sales Returns $1,000 each How would Toons Wholesale record the August 25 transaction? a) Increase Cash and Sales Discounts (reducing net sales), and decrease Accounts Receivable b) Increase Cash and decrease Sales Discounts (increasing net sales), and decrease Accounts Receivable Oc) Increase Cash and decrease Accounts Receivable only d) Increase Cash and decrease both Sales and Accounts Receivable e) Increase both Cash and Sales, and decrease Accounts Receivable Question 85 (2 points) How much does Porky pay Toons Wholesale on August 25? Question 86 (1 point) How would Toons Wholesale record the August 30 transaction? a) Increase Cash and decrease Accounts Receivable only b) Increase Cash and increase both Sales and Accounts Receivable c) Increase both Cash and Sales, and decrease Accounts Receivable d) Increase Cash and decrease both Sales and Accounts Receivable e) Increase both Cash and Sales, and increase Accounts Receivable