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Carman Verlety Store had the following balance of November 1: (Click the icon to view the balances) The following selected transactions occurred at Carman Variety
Carman Verlety Store had the following balance of November 1: (Click the icon to view the balances) The following selected transactions occurred at Carman Variety Store during the month of November Click the boon to view the transactions.) Read the reguirements Requirement 1. Record Carmaris November transactions, including the cost of goods sold entries for each sale. (Use the grass method to record the sales transactions. Record debits first, then credils. Exclude explanations from any journal entries.) Novermber 3. Sold $200 of merchandise to Manzo's Inc., which paid for the items in cast. The itens cost Carmen S100. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 3 Now record the cost of goods sold for the sale of merchandise on November 3. Journal Entry Date Accounts Nov 3 Debit Credit | November 5 Sold $900 of merchandise to Laster Co., which paid by credit card. The credit card company charges Carman a fee of 3%, on credit card sales. Carman's cost of this merchandise was $100. Da natoard the cost of goods sod entry yot. We wil do that in the next stop. Joumal Entry Date Accounts Debit Credit Nors 1 Naw record the cost of goats sold for the sale of merchandise an November 5. Joumal Entry Accounts Debit Credit Date Now 5
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