use the formats used in example question 1

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? Yos 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 . Shipping Expense Accounts Payable O Accumulated Depreciation 0 D Cost of Goods Sold E R Common Stock Refunds Payable Salaries Payable G Supplies Expense S Sales Discount T Salaries Expense 3 H Prepaid Insurance Equipment Accounts Receivable J Buildings K Y Sales Revenue Depreciation Expense Supplies Insurance Expense Question 13 Paid a cash advance for business insurance for three months. $15,000. 0.5 pts Question 14 Purchased inventory on account. $131.250, 2/10, 1/30. Question 15 1 pts Sold products at a price of $220,000, 1/10, n/30. The products cost the company $85.700. The transaction for the sales price would be: The transaction for the cost of the products would be