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You are working as a summer intern for AAA Audsing, Inc. You have been asked to help resolve discrepancles noted in the audit for Doifin

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You are working as a summer intern for AAA Audsing, Inc. You have been asked to help resolve discrepancles noted in the audit for Doifin Corporation, a retailer of specialty aguarium supples As a merchandising company, Dotin Corporation uses the perpetual inventory system, To prepare for this assignment, you have been asked to review your knowledge of sales and purchase transactions by completing the folowing table Consider the effect of each transaction on the three accounts Asted, then use checkmarks to identity which accounts are debided or credited if none of these accounts is afected by the transaction, check the "No Effect" box Inventory Estimated Returns Inventory Cost of Goods Sold Debit Credit Debit Credit Debit Credit No Effect Customer retuns Cash sale of merchandise- Sale on account Return of merchandise purchased for resale Freight paid for sales with EOB destination Yearly estimate for customer returns Customer payment on account Purchase of merchandise for resale Freight paid for merchandise purchased EOB shipping point Rumendaf.cminn.fon.An einn.c .ned.olen

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