The following are the data before liquidating NOISY CO: Cash 25,000 Accounts Payable 325,000 Short Term Investment 75,000 Capital Stock 250,000 Accounts Receivable 150,000 Deficit (75,000) Inventory 250,000 Total 500,000 Total 500,000 Transactions during liquidation that did not involve cash were as follows: Sales of Merchandise 25,000 Purchase of merchandise on account 7,500 Cash receipts and disbursements Cash receipts Sale of merchandise 125