fill in debit and credit columns 460486

Using the following information to fill in “Debit” and “Credit” columns below:

1/20 Purchased Units 75 @ $17 = $1,275

4/21 Purchased Units 450 @ $19 = $8,550

7/25 Purchased Units 200 @ $23 = $4,600

9/19 Purchased Units 100 @ $29 = $2,900

Available for Sale: 825 $17,325

During this year, Bristol Sales sold 775 DVDs for $60 each.

Date Account Title Debit Credit

Jan. 20 Merchandise Inventory

Cash

Apr. 21 Merchandise Inventory

Cash

July 25 Merchandise Inventory

Cash

Sept. 19 Merchandise Inventory

Cash

(1) FIFO Sales and Cost of Goods Sold

2012 Cash

Sales Revenue

2012 Cost of Goods Sold

Merchandise Inventory

(2) LIFO Sales and Cost of Goods Sold

2012 Cash

Sales Revenue

2012 Cost of Goods Sold

Merchandise Inventory

(3) Weighted Average Sales and Cost of Goods Sold

2012 Cash

Sales Revenue

2012 Cost of Goods Sold

Merchandise Inventory