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help 1 question but options On November 4, Carter Company sold merchandise inventory on account to Tulia Wholesalers, $15,500, that cost $5,500 Terms 5/10,n/30 on
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On November 4, Carter Company sold merchandise inventory on account to Tulia Wholesalers, $15,500, that cost $5,500 Terms 5/10,n/30 on November 5, Tuta Wholesalers paid shipping of $30 Tula Wholesalers paid the balance to Carter Company on November 13 (Assume both companies use a perpetunt inventory system and that sales are recorded at the not amount) Read the requirements Requirement 1. Journalizo Tulia Wholesaler's November transactions (Record debits first, then credits Select the explanation on the last line of the journal entry tablo ) Nov 4 Purchased merchandise inventory on account from Carter Company for $15,500, terms 5/10,n/30 Date Accounts Debit Credit Nov. 4 Nov 5: Paid shipping of $30 Debit Credit Accounts Date Nov 5 Read the requirements Nov. 13 Paid the balance to Carter Company Date Accounts Debit Credit Nov. 13 Requirement 2. Journalize Carter Company's November transactions (Record dobits hest, thon credits Select the explanation on the fact time of the journal enty table Assume sales are recorded at the not amount) Nov 4 Sold merchandise inventory on account to Tulia Wholesalers, 515,500, that cost $5,500 Torms 5/10, 1/30 Begin by preparing the entry to journalize the sale portion of the transaction Do not record the expense related to the sale we will do that is the following shop Accounts Credit Debit Date Nov 4 Submit Quiz e Text Pages Calculator Now journalize the expense related to the November 4 sale-Cost of goods, $5,500 Date Accounts Debit Credit Nov 4 Nov. 13. Tulia Wholesalers paid the balance to Carter Company Accounts Debit Date Credit Nov. 13 1 question but options
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