solve problem 5-4B

44938753b65/Downloads Fundamenta. Q @ e/chronos/u-85e4d13e1f5f79c17331679e7acff Debit Credit 56,500 202,600 Merchandise inventory Other (noninventory) assets. 42,500 164,425 C. Barkley, Capital C. Barkley. Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space. Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office supplies expense Totals. 3,000 332,650 5,875 20,000 15,600 4,500 16,000 3,850 26,000 40,750 3,800 1.100 $539,575 $539,575 On March 31, 2016, merchandise inventory was S37,500. Supplementary records of merchandising activities for the year ended March 31, 2017, reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportationn $138,500 2.950 6,700 5,750