amework a Quiz/Test LOS that occurred in November 2018 for Jill's Water World, assuming the perpetual inventory system is being used are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Jis Water World estimates sales returns the end of each explanations month. (Record debits first, then credits. Exclude explanations from joumal entries. Assume the company records sales at the net amount) Click the icon to view the transactions.) Nov. 10: Sold merchandise inventory for cash, 51,900. Cost of goods, 5760.FOB destination Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Date Accounts Debit Credit Nov. 10 empe 1 of 1 goods, $760 1 of 1 complete Debit Credit Ooft Now journalize Accounts Payable-Rainer Corporation Date Accounts Payable Swift Corporation Nov. 10 Accounts Payable-Venice Company Accounts Receivable Cabot Company Accounts Receivable Graceland Corporation Cash Cost of Goods Sold Nov. 11: Sold me Delivery Expense Estimated Returns Inventory Freight in Choose from an Merchandise Inventory Purchase Discounts Purchase Returns and Allowances Sample Tests and Quizzes 0, on account Term 2/10, IVEOM. Cost of goods. 55,100 FOB shipping port on continue to the next question Gu Amma GIV 9 BAS BO PS sc & 7 o $ % 5 # 3 6 4 2 0 P