For 1-12 use the above information and please include the accounts and which one to debit and which one credit. Thank you!

Problem 6-6B (Algo) Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO62,63,64,65,66) At the beginning of November, Yoshi Incorporated's inventory consists of 53 units with a cost per unit of $95. The following transactions occur during the month of November. November 2 Purchase 72 units of inventory on account from Toad Incorporated for $100 per unit, terms 2/10, n/30. November 3 . Pay cash tor freight charges related to the Novenber 2 purchase, $360. November 9 Return 12 defective units from the November 2 purchase and receive credit. Novenber 11 Pay Toad Incorporated in full. November 16 Sell 100 units of inventory to customers on account, $13,300. (Hint: The cost of units sold from the Novenber 2 purchase includes $10e unit cost plus $6 per unit for freight less $2 per unit for the purchase discount, or $104 per unit.) Novenber 20 Receive full paynent from customers related to the sale on Novenber 16. November 21 Purchase 63 units of inventory fron Toad Incorporated for $105 per unit, terns 1/10,n/30. Novenber 245Sell70 units of inventory to customers tor cash. $8,400. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on November 20 .) Required: 1. Assuming that Yoshi Incorporated uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transactions. 2. Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $80, record any necessary adjustment for the lower of cost and net realizable value. 3. Prepare the top section of the multiple-step income statement through gross profit for the month of November after the adjusting entry for lower of cost and net realizable value. Journal entry worksheet Record purchase of 72 units of inventory on account from Toad Incorporated for $100 per unit, terms 2/10,n/30. Note: Enter debits before credits. Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $80, recos necessary adjustment for the lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No Entry Required" in the first account field.) Journal entry worksheet Record any necessary adjusting entry for lower of cost and net realizable value. Note: Enter debits before credits. 2. Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $80, re any necessary adjustment for the lower of cost and net realizable value. 3. Prepare the top section of the multiple-step income statement through gross profit for the month of November after the adju entry for lower of cost and net realizable value. Complete this question by entering your answers in the tabs below. Prepare the top section of the multiple-step income statement through gross profit for the month of November after the adjusting entry for lower of cost and net realizable value