Exercise K Given the balances in this partial trial balance, indicate how the balances would be treated in the work sheet. The ending inventory is $…

QUE. Exercise K Given the balances in this partial trial balance, indicate how the balances would be treated in the work sheet. The ending inventory is $ 96. DebitCreditMerchandise Inventory120 Sales S40Sales Discounts18 Sales Returns and Allow. 45 Purchases600 Purchase Discounts 12Purchase Returns and Allow. 24Transportation-In 36