(c) On March 12, Huntington Cormpany paid the balance due to Saulnder Cormpany-
F
/ *BE5-14 和A. Ha Company has the following merchandise accoumt balances: Sales Revenuie
$180,000, Sales Discounts $2,000, Purchases $120,000, and Purchases Returns and Allow-
ances $30,000. In addition, 讓 has a beginning inventory of $40,000 and an ending inven-
fory of$30,000. Prepare theentries torecord theclosingoftheseitemsto Incorme Surmmary
using 山e periodic inventory system.
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