Question: Current Attempt in Progress Presented below are selected accounts from the chart of accounts of Wildhorse Company. The cost of all merchandise sold was 6

Current Attempt in Progress
Presented below are selected accounts from the chart of accounts of Wildhorse Company.
The cost of all merchandise sold was 60% of the sales price. During January. Wildhorse completed the following transactions.
Jan. Purchased merchandise on account from Gallagher Co. $10,000.
3
4 Purchased supplies for cash $60.
4 Sold merchandise on account to Wheeler $6,760, invoice no.371, terms 110,n30.
5 Returned $200 worth of damaged goods purchased on account from Gallagher Co. on January 3.
6 Made cash sales for the week totaling $3,900.
8 Purchased merchandise on account from Phegley Co.$5,800.
9 Sold merchandise on account to Linton Corp. $7,500, invoice no.372, terms 110,n30.
11 Purchased merchandise on account from Cora C0.$3,800.
13 Paid in full Gallagher Co. on account less a 2% discount.
13 Made cash sales for the week totaling $6,980.
15 Received payment from Linton Corp. for invoice no.372.
 Current Attempt in Progress Presented below are selected accounts from the

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