Indicate Whether the Inventory Account Is Debited (Dr),credited (Cr),or Neither

Essay

Indicate whether the inventory account is debited (Dr),credited (Cr),or neither (N)when using a perpetual inventory system to record each of the following transactions:
_____ The company purchases $3,000 of goods intending to sell them to customers.
_____ The company returns $200 of damaged goods to the supplier.
_____ The company pays a shipping firm $685 to ship an order of goods from the supplier to the company.
_____ The company receives a purchase discount for prompt payment to a supplier.
_____ Customers return $550 of goods in excellent condition to the company.
_____ The company sells $4,600 of goods to consumers.
_____ The company purchases $1,600 of supplies intending to use them internally.
_____ The company gives a sales discount for prompt payment to customers.
_____ The company does a physical count and finds three items missing due to shrinkage.