Atthe beginning of November, Madison decides to expand her business by selling me European mixers. The owner of Batter Blender Supply Co. has approached Madison to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $575, and Madison plans to sell each for $1, 150. Each appliance has a serial number and can be easily identified. Madison uses the perpetual inventory system to account for these fine mixers. She also decides to start using special journals and subsidiary ledgers to help keep track of her new customers and vendors, sales and purchases, and cash flows. The following transactions occurred during the month of November. Nov. 4 Bought five mixers on account from Batter Blender Supply Co. for $2,875, terms n/30. 6 Paid $100 freight on the November 4 purchase. Check 158. 7 Returned one of the mixers to Batter Blender because it was damaged during shipping. Batter Blender issues Sweet Treats credit for the cost of the mixer. 9 Bought four mixers on account from Batter Blender Supply Co. for $2,300, terms n/30. 10 Madison is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $2,000 cash in Sweet Treats. 12 Paid $80 freight on the November 9 purchase. Check 159. 15 Madison issued a check to her assistant for all the help at the elementary school on October 30. (Recall this amount was accrued at the end of October.) Check 160. 20 Paid a $145 cell phone bill (Hint: Use Utilities Expense). Check 161