Wildhorse Company's balance sheet at December 31, 2019, is presented below, WINTER COMPANY Balance Sheet December 31, 2019 Cash $14,800 Accounts payable Accounts receivable 20.000 Owner's capital Allowance for doubtful accounts (800) Inventory 9,300 $43.300 $8,650 34,650 $43,300 During January 2020, the following transactions occurred Wildhorse uses the perpetual inventory method Jan 3 8 11 Wildhorse accepted a month, enote from Merando company in payment of Merando's $1,200 account. Wildhorse wrote off as uncollectible the accounts of inwood Corporation ($500) and Gora Company $100) Wildhorse purchased 518.600 of inventory on account Wildhorsewold for $25.600 on account inventory that cost $17.200 Wildhorse sold inventory that cast 700 to Mark Lauber for $1.500 Lauber charged this amount on his Visa First Bank sed. The service fee chared Wildhore by First Banki 3 Withorse collected $21.900 from comers on account Widow paid $16.400 on accounts payable Wichers received payment foll $100) from Gora Company on the account written otton January on purchased upokles for $1.450 cash 21 24 22 tv OP Macbook Air ESC 888 4 FE > A * # 3 $ 4 % 5 & 7 N 6 00 9 0 Q W E R T Y U o A S D F G H J K N B . al 9 tion command command To record cost of goods sold. Questio Accounting Question Account (To record sales revenues and service charges Question Account To record cost of goods sold) Questions Accounting Question 6 Acenter Question 7 Accomo Question & Accord Sort the account previously written) Question A 3 1 FR 9 A 2 3 $ 4 % 5 &7 6 7 * 8 9 6 Q W E R T Y U o P S D F G H J J z C V B N