rehensive Accounting Cycle Review ACR9 helow oe statement Winter Company's balance sheet at December 31, 2019, is presented Winter Company Balance Sheet December 31, 2019 Cash Accounts receivable Allowance for doubtful accounts Inventory $13,100 19,780 (800) 9,400 $41,480 Accounts payable Owner's capital $ 8,750 32,730 $41,480 During January 2020, the following transactions occurred. Winter uses the perpetual inventory method lan, 1 Winter accepted a 4-month, 8% note from Merando Company in payment of Merando's $1,200 account. 3 Winter wrote off as uncollectible the accounts of Inwood Corporation ($450) and Goza Company ($280). 8 Winter purchased $17,200 of inventory on account 11 Winter sold for $28,000 on account inventory that cost $19,600. 15 Winter sold inventory that cost $700 to Mark Lauber for $1,000. Lauber charged this amount on his Visa First Bank card. The service fee charged Winter by First Bank is 3%. Winter collected $22,900 from customers on account. 17