Do Homework UUSI ime. Jil's Water World estimates sales retums at the end of each UUS eh credits. Exclude explanations from journal entries. Assume the company records sales at the net amount) (Click the icon to view the transactions.) Take a Qulu/Test Nov. 11: Sold merchandise inventory to Graceland Corporation, $10.200, on account. Terms 2/10, NEOM. Cost of goods, 55,100. FOB shipping point 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 flowing step Date Accounts Debit Credit Nov. 11 com goods. 55, 100 Dof Debit Credit Ooft Accounts Payable-Rainer Corporation Accounts Payable-Swift Corporation Accounts Payable-Venice Company Now joumalize th Accounts Receivable Cabot Company Date Accounts Receivable-Graceland Corporation Cash Nov. 11 Cost of Goods Sold Delivery Expense Estimated Returns Inventory Freight in Merchandise Inventory Nu 19. Paid Purchase Discounts Choose from an Purchase Returns and Alowancos Purchases Refunds Payable Sample Tests and Quizzes on continue to the next question Acepts 9 otv BR BO FB C 9 # 3 7 $ 4 6 5 1 2 P Y T R E W