Presented below are the components in determining cost of goods sold. Determine the missing amounts.

		Beginning Inventory		Purchases		Cost of Goods Available for Sale		Ending Inventory		Cost of Goods Sold
(a)		$75,100		$98,000		$		$		$110,000
(b)		$45,000		$		$110,000		$33,000		$
(c)		$		$109,000		$150,000		$28,000		$

Information related to Concord Corporation is presented below.

1.		On April 5, purchased merchandise on account from Sarasota Company for $27,300, terms 2/10, net/30, FOB shipping point.
2.		On April 6, paid freight costs of $830 on merchandise purchased from Sarasota.
3.		On April 7, purchased equipment on account for $32,800.
4.		On April 8, returned damaged merchandise to Sarasota Company and was granted a $6,900 credit for returned merchandise.
5.		On April 15, paid the amount due to Sarasota Company in full.

Prepare the journal entries to record these transactions on the books of Concord Corporation under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	April 5April 6April 7April 8April 15May 4
2.	April 5April 6April 7April 8April 15May 4
3.	April 5April 6April 7April 8April 15May 4
4.	April 5April 6April 7April 8April 15May 4
5.	April 5April 6April 7April 8April 15May 4

Assume that Concord Corporation paid the balance due to Sarasota Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
April 5April 6April 7April 8April 15May 4

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