Homework: Lab Assignment #5 Save Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of 1 pt PF5-37A (similar to) Question Help Journalize the following transactions that occurred in November for Colden's Awesome Park, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Colden's Awesome Park estimates sales returns at the end of each month and has a November 1 balance of $750 (debit) in Estimated Returns Inventory and $700 (credit) In Refunds Payable. (Record debits first, then credits Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Nov. 4: Purchased merchandise inventory on account from Vera Company, 59,600. Terms 1/10,n/EOM, FOB shipping point Date Accounts Debit Credit Nov. 4 O Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 18 parts remaining WETU TIETOUTCOTTOPILUUTTON Education Inc. All Rights Reserved of 1 pt 1 of 1 (0 complete) HW Score ZA (similar Ques - X More Info eing used s sales retu debits first e the following trang ed Identify each ac nth and has a Novel explanations from jo ck the icon to view the Nov. 4 Nov. 6 Purchased merchang Nov. 8 te Nov. 10 Nov. 11 Purchased merchandise inventory on account from Vera Company, 59,600. Terms 1/10,n/EOM, FOB shipping point. Paid freight bill of $100 on November 4 purchase. Returned half of the inventory purchased on November 4 from Vera Company Sold merchandise inventory for cash $1,100. Cost of goods, $440. FOB destination Sold merchandise inventory to Gath Corporation, $10,200 on account, terms 3/10, n/EOM. Cost of goods, $5 100. FOB shipping point Paid freight bill of $60 on November 10 sale, Sold merchandise inventory to Caan Company S9,400 on account, terms of n/45 Cost of goods, $4.700 FOB shipping point Paid the amount owed on account from November 4. less return and discount Received defective inventory as a sales return from the November 13 sale, $100 Cost of goods 550 Purchased inventory of $3 800 on account from Roberts Corporation. Payment Nov. 12 Nov. 13 Nov. 14 Nov. 17 -e from any list or entd Print Done check Answe parts remaining PELUUTTUITS , Tipi 10 1 (0 complete) A (similart 1 More Info - he following trans Identify each ac and has a Nove planations from jo Nov. 11 n/EOM. Cost of goods, $5,100. FOB shipping point. che icon to view the Nov. 12 Paid freight bill of $60 on November 10 sale. Sold merchandise inventory to Caan Company, $9,400, on account, terms of n/45. rchased merchang Nov. 13 Cost of goods, $4,700 FOB shipping point Nov. 14 Paid the amount owed on account from November 4, less return and discount Received defective inventory as a sales return from the November 13 sale, $100. Nov. 17 Cost of goods, $50. Purchased Inventory of $3,800 on account from Roberts Corporation. Payment Nov. 18 terms were 3/10. n/30, FOB destination. Nov. 20 Received cash from Gath Corporation, less discount Nov. 26 Paid amount owed on account from November 18, less discount Nov. 28 Received cash from Caan Company, less return. Purchased inventory from Sanders Corporation for cash, $11,500, FOB shipping Nov. 29 point. Freight in paid to shipping company, $160 rom any list or entd Print Done rts the maining CUOTTEITSCO
