Question: use the format In the example question Question 1 0 / 0 pts You will use the same format we have been using since Fundy
use the format In the example question





Question 1 0 / 0 pts You will use the same format we have been using since Fundy Quiz 3. See the following example: You received cash for common stock, $1.000. D-N-1000 C-R-1000 We debit Cash (N) for $1.000 and we credit Common Stock (R) for $1.000. Notice, there are no dollar signs, commas, or spaces in the response codes! Remember, all debits always go before any credits. If you have a compound transaction, the order of debits doesn't matter as long as all debits are before any credits. Do you understand this format? uiz Instructions Use the Chart of Accounts below to complete the following merchandising transactions. CHART OF ACCOUNTS A Estimated Returns Inventory M Professional Fees Expense B Merchandise Inventory N Cash C Shipping Expense P Accounts Payable D Cost of Goods Sold Accumulated Depreciation E E Refunds Payable R Common Stock F S Sales Discount Salaries Payable Supplies Expense G Salaries Expense H Equipment W Prepaid Insurance J Accounts Receivable Buildings K Depreciation Expense Y Sales Revenue L Supplies Z Insurance Expense LADELSE Question 9 0.5 ! Your company returned 50 damaged units of inventory costing $75. each. Question 11 Received cash of $190.000 for a previously recorded sale D-N-190000 C-5-190000 Question 12 0.5 pts Received professional services (accounting and legal services) on account. $5.500
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