use the format used in example question 1

Use the Chart of Accounts below to complete the following merchandising transactions. CHART OF ACCOUNTS Estimated Returns Inventory M Professional Fees Expense B Merchandise Inventory N Cash C Shipping Expense Accounts Payable Accumulated Depreciation D Cost of Goods Sold E Refunds Payable R Common Stock F Salaries Payable S Sales Discount T Salaries Expense G Supplies Expense H Equipment W Prepaid Insurance Accounts Receivable Buildings K Depreciation Expense Y Sales Revenue L Supplies Z Insurance Expense 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? 0.75 pts PAID CASH within the discount period for the following previously recorded purchase. NOTE: The transaction below has ALREADY BEEN RECORDED! Purchased inventory on account. $131,250. 2/10. n/30. You are now recording the cash payment for this previous transaction. Assume the payment is within the discount period and determine the appropriate amounts and accounts to record this cash payment. ed Question 18 0 / 0.75 pts RECIEVED CASH within the discount period for the following previously recorded sale. NOTE: The transaction below has ALREADY BEEN RECORDED! Sold products at a price of $220.000, 1/10. n/30. You are now recording the cash receipt for this previous transaction. Assume the receipt is within the discount period and determine the appropriate amounts and accounts to record this cash receipt