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3:00 PM Sun Sep 19 . LTE @ 18% K AA A coursehero.com C + Loading Select Aid Year b BambooHR in Zinda Law Grou... in Army National... x Retailer excel p... Favorites Ask a Tutor Page: Automatic zoom Report New Road Runner Racers . . . Income Statement Get step-by-step For Period ending February 28, 2025 More explanations, verified by Revenue experts. Sales Revenue 309,392.00 Sales Discounts (4,144.00) Find Textbook Solutions Sales Returns and Allowances (2,763.00) Net Sales 302,485.00 Cost of Goods S 302,485.00 Expenses Wages Expense 97,000.00 Depreciation Expense 11,600.00 Delivery Expense Supplies Expense 6,980.00 Total Expenses (115,580.00) 186,905.00 (?) Help2:59 PM Sun Sep 19 More Help E Ask a Tutor Get step-by-step explanations, verified by experts. Find Textbook Solutions 9 LTE 9 courseherocom G In E Retailer excel p\". )1 T Q Page: not\") Iomauc Loom v Instructions This assignment is designed for practicing both the retailer/merchandiser accounting cycle and your basic excel sk Below are select sales transactions for Road Runner Racers. You will need to enter the missing pieces of each tran on the journal entry tab. Each missing piece of information is highlighted in yellow. The only cell where an actual I is to be input is on the journal entries worksheet. Please note: not every yellow cell requires input (it could be I: After completing the journal entries, you must then complete the missing pieces of the T accounts, trial balance, a statements highlighted in yellow. Only excel functions may be used to calculate the appropriate cell value on thes DO NOT INPUT THE ACTUAL NUMBER INTO THE T ACCOUNTS, TRIAL BALANCE, OR STATEMENTS. Use excel functions (such as copying the number from the journal entry page, summing numbers together, or usin plus or minus symbols to help you nd the appropriate number). Your balance sheet should balance when you an Tip: After each journal entry, update the appropriate Taccounts. Select RetaiIer/Merchandiser-Related Transactions: 1) Road Runner Racers (RRR) purchased $10,000 of merchandise from Warehouser Plus on January 10' RRR was given terms of 4/15, n/30. FOB shipping point. RRR paid $100 for delivery' 2) RRR paid their invoice to Warehouser Plus on January 25th. 3) On February 2, RRR sold $1,000 of merchandise to Rowdy's Inc' RRR offered Rowdy credit terms of 2/10, n/45. RRR's cost of the merchandise was $500. 4) On February 5, Rowdy contacted RRR because some of the goods were damaged. RRR offered Rowdy a $50 credit allowance. Rowdy agreed to the allowance. 5) Rowdy paid their invoice on February 15. 6) RRR counted inventory on February 28. Their books showed $69,200 in inventory, but the physical inventory count only showed $68,650. 118qu