ch5 e5b-31

Save Homework: Chapter 5 Homework Score: 0 of 1 pt 2 of 5 (1 complete) E5B-31 (similar to) HW Score: 0.17%, 0.01 of 5 pts Question Help Journalize the following transactions for Mildred Bicycles using the periodic inventory system Explanations are not required. (Record debits first, then credits Exclude explanations from joumal entries. Assume the company uses the net amount to record sales.) (Click the icon to view the transactions.) Nov 2 Purchased $3,900 of merchandise inventory on account under terms 1/10, VEOM and FOB shipping point Date Accounts Debit Credit Nov 2 Choose from any list or enter any number in the input fields and then click Check Answer Clear All CHOR AT Type here to search o 12/7/2019 2 of 5 (1 complete) i More Info ist, th Nov. 2 Purchased $3,900 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point. 6 Returned $700 of defective merchandise purchased on November 2. 8 Paid freight bill of $110 on November 2 purchase. 10 Sold merchandise inventory on account for $6,000. Payment terms were 3/15, n 45. 11 Paid amount owed on credit purchase of November 2, less the return and the discount. 22 Received cash from November 10 customer in full settlement of their debt, less the discount ber Print Done A 9