Journal entries for merchandising transactions
Shown below is a partial chart of accounts for Main Street Markets,followed by a series of merchandising transactions.The company uses a perpetual inventory system,records purchases at net cost,and records sales at the full invoice price.Sales taxes are collected on all sales,and the sales tax liability is recorded immediately.Freight charges on inbound shipments are recorded in the Inventory account. 
Indicate the accounts that should be credited in recording each transaction by placing the appropriate account number(s)in the space provided. 
Definitions:
Average Queue Length
The average number of items or people waiting in line over a specified period of time, used in analyzing the efficiency of service systems.
Utilization Factor
The ratio of the actual time a system, machine, or resource is used to the total time it is available, often expressed as a percentage to indicate efficiency or capacity usage.
Queue Discipline
The rules or policies that determine the order in which tasks or customers are processed or attended to.
Q27: Clinton prepares monthly financial statements.Which of the
Q27: If sales discounts are shown as a
Q46: A factor that might suggest that a
Q54: A clothing store would logically have a
Q117: The left-hand side of an account is
Q119: Immaterial items may be accounted for in
Q119: The unused portion of a line of
Q124: The entry to close the Service Fees
Q136: The adjustment of available for sale marketable
Q193: At the beginning of the year,Robert Company's