Adjusted Account Balances Merchandise inventory (ending) Other (non-inventory) assets Total liabilities Common stock Retained earnings Dividends...

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Adjusted Account Balances Merchandise inventory (ending) Other (non-inventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Debit $ 39,500 158,000 Credit $ 45,623 76,902 53,171 8,000 270,180 4,134 17,832 104,394 Sales salaries expense 37,015 Rent expense-Selling space 12,698 Store supplies expense Advertising expense office salaries expense Rent expense-office space Office supplies expense 3,242 22,965 33,773 3,242 1,081 $ 445,876 $ 445,876 Totals Beginning merchandise inventory was $31,877. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in $ 116,130 2,439 5,574 3,900 Adjusted Account Balances Merchandise inventory (ending) Other (non-inventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Debit $ 39,500 158,000 Credit $ 45,623 76,902 53,171 8,000 270,180 4,134 17,832 104,394 Sales salaries expense 37,015 Rent expense-Selling space 12,698 Store supplies expense Advertising expense office salaries expense Rent expense-office space Office supplies expense 3,242 22,965 33,773 3,242 1,081 $ 445,876 $ 445,876 Totals Beginning merchandise inventory was $31,877. Supplementary records of merchandising activities for the year ended August 31 reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in $ 116,130 2,439 5,574 3,900