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Question 1 (1 point) Account titles available for use: Cash Purchases Purchase Returns Cost of Goods Sold Accounts Receivable Purchase Allowances Sales Revenue Freight Expense Accounts Payable Purchase Discounts Sales Returns Interest Expense Inventory Supplies Freight-In Loss from Inventory Shrinkage Record the following transaction using the periodic method For account titles use the account names listed above (be cautious about spelling as this can return an incorrect answer). For transaction amounts do not use "$" or commas in your answer. Purchased $5,000 of goods on account. DR ACCT DR amount CR ACCT A CR amount Goods costing $35 were damaged and were returned to the seller; the seller reduced the amount owed by $35 DR ACCT A DR amount CR ACCT A CR amount New Sales found that items costing $95 were not ordered and could not be used. New Sales returned the items, and the supplier reduced the amount owed. DR ACCT A DR amount CR ACCT CR amount Freight to get the merchandise to our customer cost us $50. DR ACCT DR amount CR ACCT A CR amount Accepted a return of merchandise which was the wrong color for the customer. We had sold the merchandise for $72; our cost was $56. DR ACCT ADR amount CR ACCT CR amount Shipped merchandise that had cost us $790 to a customer for $1,050. The customer agreed to pay us in 30 days. DR ACCT A DR amount CR ACCT CR amount Received a check for the May 15 sale. DR ACCT A DR amount CR ACCT A/ CR amount