Please Answer E5.10, E5.14, Part b only, E5.15, E5.17, pg. 5-58.

1/15,n/30, FOB destination. 15 Freight charges on the above transaction were deber had to pay for the to to Cash for $175. The bookkeeper believed the customer $300 allowance. The entry mances. 17 Instructions a. Review each transaction above accounted for the transaction. b. If you disagreed with any of the accounting entries above, prepare the correct entry. E5.12 (LO 4) AP Presented below is information related to Hurly Co., owned by D. Flamont, for the month of January 2024. Prepare adjusting and closing entriesperpetual system and earnings approach. Instructions a. Prepare the necessary adjusting entry for inventory. b. Prepare the necessary closing entries. D. Flamont did not withdraw any cash during the month of January. E5.13 (LO 4) AP Tim Jarosz Company had the following account balances at year end before adjustment: Cost of Goods Sold $60,000, Merchandise Inventory $15,000, Utilities Expense $29,000, Sales Revenue $115,000, Sales Discounts $1,200, and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $13,600. Instructions a. Prepare the adjusting entry necessary as a result of the physical count. b. Prepare closing entries. E5.14 (L =IB The following is Crystal Company's adjusted trial balance at December 31, 2024: Prepare adjusting and closing entries. Record purchase and sales transactions and determine merchandise inventory-perpetual system and earnings approach. E5.10 (LO 2, 3) AP The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 Pippen Company sold merchandise to Thomas Co. for $32,000, terms 2/10,n/30, FOB destination. This merchandise cost Pippen Company $18,000. 4 The correct company paid freight charges of $650. 8 Thomas Co. returned unwanted merchandise to Pippen. The returned merchandise had a sale price of $1,800 and a cost of $990. It was restored to inventory. 13 Pippen Company received the balance due from Thomas Co. Instructions a. Prepare the journal entries to record these transactions on the books of Pippen Company. b. Prepare the journal entries to record these transactions on the books of Thomas Co. c. Assuming that Thomas Co. had a balance in Merchandise Inventory on December 1 of $6,000, determine the balance in the Merchandise Inventory account at the end of December for Thomas Co. 5-58 CHAPTER 5 Accounting for Merchandising Operations Instructions a. Prepare a single-step income statement for the year ended December 31, 2024. b. Prepare closing entries and a post-closing trial balance. Calculate missing amounts-earnings approach. E5.15 (LO 5) AP Financial information follows for three different companies: Prepare a multiple-step income statement and calculate gross profit margin. Prepare financial statements and calculate ratios-perpetual system and earnings approach. Determine the missing amounts. E5.16 (LO 5, 6) AP Presented below is selected information for Kaila Company for the month of March, 2024. a. Prepare a multiple-step income statement. b. Calculate the gross profit margin. E5.17 (LO 4, 5, 6) AP An alphabetical list of Rikards Company adjusted accounts at its fiscal vaar and 2. On July 18,2024 , R. Smistad invested $3, 5 on February 17,2025 . The balance is due in 2026 . Instructions a. Preparea mulio b. Calculate the gross profit margin and profit margin. E5.18 (LO 6) AN lululemo the three fiscal years ended