Question 1 1341 marks! JPConmmyUPJismgagedmmepmchassmdsalesofdashboordcamathtumpmy adoppmpealhvumysysmmandrmrpurchaofgoodsmgrmsmmimpmlhe ooropany closes its amormt annually on 31 Doomnber. 1hr: following information was extracted omthcunamtodtrialhalanoo damdoniNmrnberl: -- $ 5 _ 4250300 1210.000 -_ _ The foowingtronsacons ocumdinDooemberEl: in JP pmchaood Sisoooo invenroqrom Rachel Companywith credit term ufiiiinoo. JP sold goods to Chris Company at $30, [Ill], ohing credit term of lfl ni4. Gross prot rah: is 30%. T Doc JP sold goods to Martina Comp-on}? at $150,, DEE-ring credit harm of 3H 5, nBEI. Gross prot rate is 40%. E JPreturnod$lj inmtorytoEacholConmonyduttoinoonoctroodol. Marlinarerrurnod' camerastoJ'Pdimtoinoorrecthrano JPpoidtoRamelCorrmanyrinlregarcngtopurchasemDmmnber. 1813a: JPrmeivodchockomMarna Companyarlsetementregardjngto salesinDecerobo-r. 31 Doc JPconrhictod physical count of inventory and mm SHEEN! mimicry was on hand. a} PreparejmunaltntiesfmJPCompanyfortheahm'etansaconstmbl. Qmarks} b) PreparepmalIncomoStatnofJPCompanynttEjmrenodDecember 2ltoshowgrosspm1ofltyw. [El man-:5)