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E4-19A (similar to) Assigned Media Joumalize the following transactions for Happy Feet, Inc., that occurred during the month of November assuming the net method is
E4-19A (similar to) Assigned Media Joumalize the following transactions for Happy Feet, Inc., that occurred during the month of November assuming the "net" method is used. Happy Feet's cost of inventory is 65 percent of the sales price. (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Nov 3: Said $2,000 of merchandise on account, terms 5/15, n/45, FOB shipping point. Happy Feet, Inc., prepaid $85 of shipping costs and added the amount to the customer's invoice. Begin by recording the sale portion of the entry. (Do not yet record the cost related to the sale. We will do this in the next journal entry. Prepare a compound entry accounting for the sales revenue as well as the cash paid for shipping.) Journal Entry Accounts Debit Date Credit Nev 3 he Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer parts remaining
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