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Date Desc. Name Inv. Date Amount

May 2 Issued credit memo on returned merchandise Knox, Inc. Apr. 28 $175...

I posted all the data but at the bottom I put the 4 entries that are giving me problems. These 2 companies have held up all info on all of the journals I am working on. You can skip the whole problem...

I have the correct answer for #1 but can anyone explain what they are asking me to do on #2? There are no examples in my book for this. Thanks

Retail inventory method P4
The records of Alaina Co....

I have this exact problem in my accounting class. I have required 1 answered correctly but I have no idea what they are asking for #2. Can anyone explain what they are asking?