Need T-Accounts

Journal Entry Workshop: COMPREHENSIVE PROBLEM - CHAPTER 4 Problem 4-26B Comprehensive cyele problem: perpetual syttem At the beginning of Year 2. EuRo Enterprives had the following balances in its account: During Year 2, EuRo Enterprises experienced the following events: 1. Purchased inventory that cont $11,200 on account from Ivey Company under terms 2/10,n/30. The merchandise was delivered FOB shipping point. Freight costs of $800 were paid in cash. 2. Returned $600 of the inventory that it had purchated because the inventory was damaged in transit. The seller agreed to pay the return freight cost. 3. Paid the amount due on its account payable to Ivey Company within the caah discount period. 4. Sold inventory that had cost $8,000 for $13,500. The sale was on account under terms 2/10,n/45. 5. Received merchandise retumed from a customer. The merchandise had originally cost $1,200 and had been sold to the castomer for $2,100 cash. The customer was paid $2,100 cash for the retarned merchandise. 6. Delivered goods in Event 4FOB destination. Freight costs of $800 were paid in cash. 7. Collected the amount due on accounts receivable within the discount period. S. Sold the land for $3,500. 9. Recognized $500 of accrued interest revenue. 10. Took a phyrical count indicating that $6,500 of inventory was on hand at the end of the accounting period. Hint: Determine the current balance in the inventory account before calculating the amount of the inventory write down