Question is worth 20 points and question 2 is worth 10 points. as of 1, Scott Stores sells knick-knacks, to December 31, 2016 is: Cash Accounts receivable Merchandise Inventory Prepaid insurance Equipment Acc. Depreciation-equip. Utilities payable Salary payable tourist shops in the greater Virginia area. His post closing trial balance $12,500 2,500 24,250 500 42,000 10,500 150 600 2,000 15,000 CurTent Unearned rent non cunrat Long-term mortgage payable liability Scott Capital Totals $81.750 $81,750 All sales made by Scott th n/30. During January 2017, Scott had the following transactions: January ot are under the credit terms 2/10, n/30. All purchases are under the credit terms 1/10 2. 2. Purchased $10,000 in inventory from Dimah Inc. Paid $500 on reduce the principal balance of the mortgage Sold $15,000 of inventory for $20,000 to Nina, Inc. Paid worker $1,500 for one weeks work. Two days of 5 da long-term mortgage payable. Interest on mortgage is $75. The rest goes 5. 7. y work week occurred in 2016. Pays for advertising to be run in trade publication (advertising expense) Purchased $12,000 of inventory from Pepper Inc. 7. 9. 11. Paid $1800 for one years of insurance starting January 31, 2017. Prepaid insurance ends January 31, 2017 14. Paid worker $1,500 for weeks work. 14. Nina returned $200 of inventory from January 5th purchase. 14. Paid for inventory purchased from Dimah January 2nd 15. Received payment for January 9th sale to Nina. 18. Paid Pepper for January 5th purchase. 21. Paid $1,500 worker for weeks work. 21. Paid Utility bill from 2016. 21. Sold $14,000 of merchandise for $25,000 to Cinder Inc. 24. Sold $20,000 of merchandise for $32,000 to Robin Inc. 25. Received Utility bill for January for $160. Due in 30 days. 26. Purchased $14,000 of inventory from Dimah, Inc. 26. Paid worker $1,500 for weeks work. 28. Paid $700 rent for January. 28. Pays $3,000 sales commissions to salesmen 29. Paid Cinder for January 21th purchase. 30. Withdraws $3,000 for personal expenses