the i More Info trar 00 w Jul. 8 Jul. 11 PeeWee's Toys purchased $101,300 worth of PegaBlock toys on account with credit terms of 2/10, n/60. PeeWee's Toys returned $10,050 of the merchandise to PegaBlock due to damage during shipment. PeeWee's Toys paid the amount due, less the return and discount. Jul. 16 Print Done core: 0 of 10 pts 2 of 6 (1 complete) HW Score: 25.37%, 17 of Question Help SF5-2 (similar to) Assigned Media Consider the following transactions for PeeWee's Toys: Click the icon to view the transactions) Requirements 1. Joumalize the purchase transactions. Explanations are not required 2 In the final analysis, how much did the inventory cost PeeWee's Toys? Requirement 1. Joumalize the purchase transactions. Explanations are not required. Assume the company won a perpetual inventory system. Record debits frit, then credits. Exclude explanations from joumal entries) Jul. 8: PowWoo's Toys purchased $101,300 worth of PegaBlock toys on account with credit ferm of 2/10, 1/60 Accounts Debit Credit JUL 8 Date More Info May 1 May 5 Mike sold $25,000 of men's sportswear for cash. Cost of goods sold is $17,000. Mike received a $1,500 sales return on damaged goods from the customer on May 1. Cost of goods damaged is $750. Print Done Score: 0 of 10 pts 3 of 6 it complete) HW Score: 25.37%, 17 of 67 pt SF5-4 (similar to) Assigned Media Question Help Journalize the following sales transactions for Mike Sportswear. Explanations are not required. The company estimates sales totume at the end of each month (Assume the company uses a perpetual invertory system and records sales at the net amount) Click the icon to view the transaction Journalize the sales transactions. Explanation are not required. (Record debita fentthen tradits. Exclude explanation from Journal ontries) May 1 Mae role $25,000 of men's cortowear for cannh. Cont of goods sold in $17.000 Magin ty preparing the entry to jumtaken the sale portion of the vantaction. Do not record the expense related to the wewe will do that in the following stop bate Accounts Debit Credit May 1 SF5-9 (similar to) Assigned Media Question Help Jeana's Furniture's unadjusted Merchandise Inventory account at year-end is 500,000. The physical count of inventory came up with a total of $67,600. Joumalize the adjusting entry needed to account for mentary shinkage (Record debit first, the credits. Select the explanation on the last line of the jumal entry table) Date Accounts and Explanation Debu Credit Cash $ 52,000 710,000 d or 15,000 $ 380,000 19,000 27,000 116,000 135,900 240,000 2,000 30,000 39,000 Cost of Goods Sold Accounts Payable Rent Expense Building Rockside, Capital Merchandise Inventory Estimated Returns Inventory Notes Receivable Accumulated Depreciation-Building Sales Revenue Depreciation Expense-Building Rockside, Withdrawals Interest Revenue Refunds Payable Sales Discounts Forfeited Delivery Expense 57,000 10,000 4,400 1,700 1,000 Print Done ny nunt Score: 0 of 10 pts 6 of 6 (1 complete) SF5-12 (similar to) Assigned Media Caitlyn Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2024 Click the icon to view the accounts and balances) Prepare Caitlyn Communications" multi-step income statement for the year ended July 31, 2024. (Use a minus sign or parentheses to show other expenses.) Caitlyn Communications Income Statement Year Ended July 31, 2024 Net Income (Loss) the * More Info trar 00 w Jul. 8 Jul. 11 PeeWee's Toys purchased $101,300 worth of PegaBlock toys on account with credit terms of 2/10, n/60. PeeWee's Toys returned $10,050 of the merchandise to PegaBlock due to damage during shipment. PeeWee's Toys paid the amount due, less the return and discount. Jul. 16 Print Done More Info May 1 May 5 Mike sold $25,000 of men's sportswear for cash. Cost of goods sold is $17,000. Mike received a $1,500 sales return on damaged goods from the customer on May 1. Cost of goods damaged is $750 Print Done Cash $ 380,000 19,000 $ 52,000 710,000 d or Cost of Goods Sold Accounts Payable Rent Expense Building Rockside, Capital Merchandise Inventory Estimated Returns Inventory Notes Receivable Accumulated Depreciation-Building 27,000 116,000 135,900 240,000 2,000 Sales Revenue Depreciation Expense-Building Rockside, Withdrawals Interest Revenue Refunds Payable Sales Discounts Forfeited Delivery Expense 15,000 57,000 10,000 4,400 1.700 1,000 30,000 39,000 Print Done ny nunt