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Homework: Chapter 5 Homework Save Score: 0.5 of 1 pt 1 of 4 (4 complete) HW Score: 13.12%, 0.52 of 4 pts E5A-28 (similar to) Question Help * Journalize the following transactions for Moakley Bicycles using the periodic inventory system. Explanations are not required. (Record debits first, ther credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Nov. 2: Purchased $3,900 of meMore Info Date Nov. 2 Purchases Nov. 2 Purchased $3,900 of merchandise inventory on account under terms Accounts P 1/10, n/EOM and FOB shipping point. 6 Returned $800 of defective merchandise purchased on November 2 8 Paid freight bill of $150 on November 2 purchase 10 Sold merchandise inventory on account for $6,500. Payment terms were 3/15, n/45 11 Paid amount owed on credit purchase of November 2, less the return Nov. 6: Returned $800 of defec Date and the discount. 15 Granted a sales allowance of $500 on the November 10 sale 22 Received cash from November 10 customer in full settlement of their Nov. 6 Accounts Pa Purchase debt, less the allowance and the discount. Print Done Choose from any list or enter Clear AlI Check Answer remaining