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I dont understand, can someone please help me asap. Thank you. The lowing actions for Goodsale The the care doring November Click the icon to
I dont understand, can someone please help me asap. Thank you.
The lowing actions for Goodsale The the care doring November Click the icon to the Requirements 1 mathemations on the book of the themed 2. What was Goodsalt pro the mood November Requirement une maison book of Goodscode (econdest Dudelanto from Now Peche 570 mechandise on totty The Tem 295.WESTOB shipping point Qully the proper 30 g cost and the amount to the ice Joy that Account Det Aeroun Now Purchase of them. OB Ac C More Info Nov 4 Purchased $5,700 of merchandise on account from Quality Tire. Terms, 2/15, n/45, FOB shipping point. Quality Tire prepaid the $50 shipping cost and added the amount to the invoice. 7 Purchased $400 of supplies on account from Best Supplies. Terms, 3/10, n/30, FOB destination 9 Sold $1,600 (cost, $250) of merchandise on account to E. White. Terms, 2/15. n/45, FOB destination 11 Paid S75 freight charges to deliver goods to E. White 13 Returned $1,300 of the merchandise purchased on November 4 and received a credit. 15 Sold 51,300 (cost, $275) of merchandise to cash customers 16 Paid for the supplies purchased on November 7 18 Paid Quality Tire the amount due from the November 4 purchase in full 20 E White returned $100 (cost $50) of merchandise from the November 9 sale 22 Purchased $3,800 of inventory Paid cash 23 Received payment in full from E. White for the November 9 sale 30 The refund liability for the month of November was estimated to be $270 The cost of goods estimated to be returned was $162 Requirements 1. Journalize the transactions on the books of Goodsale Tire, Inc. assuming the "net" method is used. 2. What was Goodsale Tire, Inc.'s gross profit for the month of November
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