HW 5 # 6

Keeler Variety Store had the following balances as of November 1: (Click the icon to view the balances.) The following selected transactions occurred at Keeler Variety Store during the month of November: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Keeler's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $200 of merchandise to Monson's Inc, which paid for the items in cash. The items cost Keeler $90. Do not record the cost of goods sold entry yet. We will do that in the next step. More info entries for eac entries.) Accounts Receivable $5,200 The items cos Allowance for Uncollectible Accounts $350 credit balance More info More info Requirements 1. Record Keeler'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 . The following selected transaction Store during the month of Novem (Click the icon to view the trar Read the requirements. Is sold entries for each sale. (Use the ournal entries.) 1 cash. The items cost Keeler $90. D Keeler Variety Store had the following balances as of November 1: (Click the icon to view the balances.) The following selected transactions occurred at Keeler Variety Store during the month of November: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Keeler's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $200 of merchandise to Monson's Inc, which paid for the items in cash. The items cost Keeler $90. Do not record the cost of goods sold entry yet. We will do that in the next step. More info entries for eac entries.) Accounts Receivable $5,200 The items cos Allowance for Uncollectible Accounts $350 credit balance More info More info Requirements 1. Record Keeler'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 . The following selected transaction Store during the month of Novem (Click the icon to view the trar Read the requirements. Is sold entries for each sale. (Use the ournal entries.) 1 cash. The items cost Keeler $90. D