ALT-MERCHANDISING BASICS TOTAL SCORE: 0 /20 There are 5 problems in this set. Choose a number between 1 and 4: DATE GENERAL JOURNAL DEBIT CREDIT GRADE Date Transactions for May 2017 1/1/17 1/1/17 Jane Craig invested $60,000 in her business, Craig Products. 1/10/17 1/10/17 Craig paid rent expense in cash in the amount of $3,000. 1/15/17 0 0 1/15/17 Craig purchased 100 units of inventory on account at a price of $5 per unit. 1/20/17 1/20/17 Craig made a sale of 30 units on account, at a price of $10 per unit. 1/20/17 lee 1/20/17 Also record the cost of goods sold for the sale above 1/22/17 1/22/17 Advertising was purchased in cash, for $900. 1/24/17 1/24/17 Craig purchased 70 units of inventory at a price of $5 per unit, paying cash 1/24/17 eel 1/24/17 Craig made a sale of 50 units on account, at a price of $10 per unit. 1/24/17 1/24/17 Craig also records the cost of goods sold lee on the above sale. 1/25/17 1/25/17 Collected cash from customers on account, $450. TRIAL BALANCE DEBIT CREDIT CASH ACCOUNTS RECEIVABLE MERCHANDISE INVENTORY ACCOUNTS PAYABLE CRAIG CAPITAL CRAIG DRAWING SALES COST OF GOODS SOLD RENT EXPENSE SALARIES EXPENSE ADVERTISING EXPENSE 0 IN BALANCE