Thames Company accounting records yield the following data for the year ended December 31, 2020.

Required

1. Journalize Thames Company's inventory transactions for the year in a perpetual system. Use December 31 as the transaction date. No explanations are necessary.

2. Report ending inventory sales, cost of goods sold, and gross margin on the appropriate financial statement.

ITames Corrpany accounting receros yinid the following data for the yew endad Decenter 31 , 2000. 1. (click the ioon to view the secosutiong fetords.) Required 2. Repert ending inventory. sales, cest of goods sold, and gross magin on the apgropriale francial alatement. Reguirement 2. Reporf ending inventary, sains, opt of goods sold, and grits margn on the scpropriapt frabcial atatament. Report enting tuvendory on the bal wnce sheot. Feport saies; cost of goods sold, and gross marpin on the income stainment. 1. Stumalize Thames Compary's imvertory transactions for the year in a perpetual system. Use December 31 as the transaction cale. No explanations tee necessary. 2. Roport ending inventary, salas, cost of goods sold, and gross marein on the appropriate flancial statnirent. 2. Report onding inventory, salos, cost of goods soldions for the yeur in a perpetual system. Use December 31 as the transaction date. No explanations aro necessury. girventory, sales, cost of goods sold, and gross maggin on the appropriate financial staternent. Un gocas sold, and gross margin on the appropriate fine Docember 31 as the transaction dale. No expinnations are nocessary. Requlred 1. Joumalize Thames Compary's inventory transactions for the yoar in a perpetual system. Use December 31 as the transacton date. No explanations are necensary. 2. Repart ending inventory, tales, oost of goods sold, and gross margin se the appropriale fnancial statement. Requirement 2. Report ending inventory, sales, cost of goods soid, and gross margin on the appropriate financial statemant. Report ending inventory on the balance sheet. and gross margin on the incorne statement. , and gross margin on the appropriate financial statement. Requirement 2. Report ending inventory, sales, cost of goods sold, and gross margin on the appropriate financial statement. rvquirement 2. Report ending inventory, sales, cost of goods sold, and gross murgin on the appropriate financial statement. Report ending inventory on the balance sheet. sme statement