Prepare Balance Sheet for Freeman Co. for the year ended on Jun 30th,2017 Balance sheet does not Balance - Owner's Equity at end of the year $200,000 Question Two: 74,8002,244 4743044,3 Journalize the following transaction for Walmart Company during the month of May 2018. 46955.7 July 20th, Sold merchandise Inventory to XYZ Company list price $55,800 Trade discount 15%. Sales tax rate 20%. FOB shipping point, Cost of merchandise sold $22,000. Term of credit 1/5,n/20. July 24th, Purchased merchandise inventory from ABC Co. list price $88,000, trade discount 15%, FOB destination point, prepaid fright cost $650. Term of credit 3/10,n/45. July 26th,XYZ return part of the goods they purchased on July 20th. list price $11,500, trade discount 15%, cost of merchandise returned $1500. July 27th, Received full Payment from XYZ Supermarket for sale made on July 20th