28.29.30 help me

Obj. 4 EX 5-28 Adjusting entry for customer refunds, allowances, and returns Statz Company had sales of $1,800,000 and related cost of goods sold of $1,150,000 for its first year of operations ending December 31. Statz provides customers a refund for any returned or damaged merchandise. At the end of the year, Statz estimates that customers will request refunds for 1.5% of sales and estimates that merchandise costing $16,000 will be returned. Assume that on February 3 of the following year, Buck Co. returned merchandise with a selling price of $5,000 for a cash refund. The returned merchandise originally cost Statz $3,100. (A) Journalize the adjusting entries on December 31 to record the expected customer returns. (B) Journalize the entries to record the returned merchandise and cash refund to Buck Co. on February 3. EX 5-29 Adjusting entry for inventory shrinkage Omega Tire Co.'s perpetual inventory records indicate that $3,145,000 of merchandise should be on hand on August 31. The physical inventory indicates that $3,113,500 of mer- chandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Omega Tire Co. for the fiscal year ended August 31. Obj. 4 EX 5-30 Closing the accounts of a merchandiser From the following list, identify the accounts that should be closed to Income Sum- mary at the end of the fiscal year under a perpetual inventory syst able, (B) Advertising Expense, (C) Cost of Goods Sold, CD) Dividends, (E) Inventory, (F) Sales, (G) Supplies, (H) Supplies Expense, (D Wages Payable Obj. 4 em: (A) Accounts Pay