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HI Protected View apter 5 and 6 B lab questions Help Enable Editing Hit, it's safer to stay in Protected View. M N K nts QUESTION #1 The following merchandise transactions occurred in the month. Both companies use a perpetual inventory system. 3/May/22 Mickey sold goods to Minnie for $18,000, terms 1/10, n/30, FOB shipping point. The inventory cost Mickey $12,000 7/May/22 Shipping costs of $1900 were paid by the appropriate company 8/May/22 Minnie returned unwanted merchandise to Mickey. The returned merchandise had a sales price of $4,100 an cost of $2,150. It was restored to inventory. #### ## Mickey received the balance due from Minnie o Prepare journal entries for the above transactions in the books of Mickey. If no entry is required state this and the reason WHY. NO JE explanations required. ventory costing template Calculation rough sheet HE