Name Render Kaur Date 2021-07-07 Test 1 1 Re DOI Question 1 [10 points] Please fill in the blank entries in the table below Test1 Northstar Corp Test 2 Star Inc. 415,000 1.700 8.800 ABC Inc 410,000 850 Sales Sales Discounts Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit est 3 2,300 10,400 302,300 145,000 257,000 est 4 170,500 219,450 st 5 Question 2 [20 points] Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both CC nination Ared perpetual inventory system eave the exar a February 12 Bentley Inc sold merchandise to Zcom Inc. for $7,700 under credit terms of 215, 1/60, FOB shipping point merchandise had cost $6,160 b February 27 Zcom Inc paid Bentley Inc the balance due e here to search O 39 CM