Question # 2i (2 points) For each of the following, determine the missing amounts. Cost of Operating 1,000,000 200,000 50,000 2. 950,000 1,800,000 700,000 Question 3:(3 points) An inexperienced accountant for Leyland Company made the following errors in recording merchandising transactions 1. A E225 refund to a customer for faulty merchandise was debited to Sales 225 and credited to Cash $225 A E280 credit purchase of supplies was debited to Merchandise Inventory 280 and credited to Cash 280 2. 3. A 160 sales return was debited to Sales 4. A cash payment of 30 for freight on merchandise purchases was debited to Freight-out 300 and credited to Cash 300 Instructions Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed Date Accounts Titles Amount Dr Cost of 1 1.000,000 300.000 100,000 Qoestion 3:3 points Prepare the necessary jourmal entries to record the following transactions, assuming Hewiltt Company uses a perpetual inventory system (a) Purchased $35,000 of merchandise on account, terms 2/10, n/30 (b) Returned $500 of damaged merchandise for credt ) Paid for the merchandise purchased within 10 days Date Accounts Titles Amount Ouestion4: (6points) Prepare the necessary journal entries to record the following transactions, assuming Darby Company uses a perpetual inventory system (a) Darby sells $50,000 of merchandise, terms 1/10, n/30. The merchandise cost $30,000. The customer in (a) returned $5,000 of merchandise to Darby. The merchandise returned cost $3,000 (b) (c) Darby received the balance due within the discount period