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Ellington Variety Store had the following balances as of November 1: (i) (Click the icon to view the balances.) journal entries.) November 3: Sold $500
Ellington Variety Store had the following balances as of November 1: (i) (Click the icon to view the balances.) journal entries.) November 3: Sold $500 of merchandise to Montague's Inc., which paid for the items in cash. The items cost Ellington $110. Do not record the cost of goods sold entry yet. We will do that in the next step. Requirements 1. Record Ellington's November transactions, including the cost of goods sold entries for each sale. 2. Calculate the net realizable value of accounts receivable as of November 30
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