Problem 3-28 Comprehensive cycle problem: Periodic system The following trial balance pertains to Nates Grocery as of January 1, 2012: Account Title Cash Accounts receivable Merchandise inventory Accounts payable Common stock Retained earnings Totals Beginning Balances $26,000 $4,000 $50,000 $4,000 $43,000 $33,000 $80,00 The following events occurred in 2012. Assume […]