Homework: Chapter 5 Save Score: 2.31 of 5 pts 2 of 5 (4 complete) HW Score: 53.23%, 13.31 of 25 pt E5B-31 (book/static) Question Help Journalize the following transactions for Master Bicycles using the periodic inventory systern. Explanations are not reuired. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses the net amount to record sales.) (Clck the icon to view the transactions) More Info Xi Nov . Paid treight bl $10() on November 2 purchase Date Debit Credit No 2 Purchased $3,400 ot merchandise inventory on account under terms 2/10, nEOM andOB shipping point. 6 Relurned $300 of defeclive erchandise purchased on Noverriber 2 3 Paid freighl bill of $100on Nuveb 2 purhase 10 Sold rnerdlandise inven!ory on acuou'l for S6, 100. Paymeni lerms Now. B Fresght In 100) Cash 100 were 3/15, n4 11 Paid amount owed on credit purchase of November 2, less the return Nov. 10: Sold merch ndise inventory on account for $6,100. Payment terms were 3/15, nd5. and the discount 22 Reccved cash from November 10 customer in full scttement ot Date Debit Credit their debt, less the discount. Now. 10 Accounts Reccivable 6100 Sales Revenue PrintDone