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During November of the current year, the following selected transactions were completed by Hanoi Company. Hanoi Company uses the perpetual inventory system. (2 points) Nov.

During November of the current year, the following selected transactions were completed by Hanoi Company. Hanoi Company uses the perpetual inventory system. (2 points)

Nov. 2. Purchased $55,500 of merchandise on account, FOB shipping point, terms 2/10, n/30.

Nov 5. Paid transportation costs of $675 on the Nov 2 purchases

Nov 11. Sold merchandise on account, $ 15,500, FOB destination, 2/15, n/30. The cost of merchandise sold was $8,600.

Nov 13. Paid transportation costs of $ 400 for the merchandise sold on Nov 11

Nov 15. Paid for the purchase of Nov 2 less the return and discount

Nov 25 Received payment on account for the sale of Nov11 less the discount

Requirement: Journalize the entries to record the transactions of Hanoi Company

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