Ellington Variety Store had the following balances as of November 1: (Click the icon to view the balances.) The following selected transactions occurred at Elington Variety Store during the month of November (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Ellington's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions, Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $250 of merchandise to Montague's Inc., which paid for the items in cash. The items cost Ellington $80. Do not record the cost of goods sold entry yet. We will do that in the next step. Date Nov 3 Journal Entry Accounts Now record the cost of goods sold for the sale of merchandise on November 3. Date Nov 3 Journal Entry Accounts Debit Credit Debit Credit