Journaling purchase and sale transactions Journalize the following transactions that occur in November 2016 for Mays adventure park. No explanations are needed Identify each accounts payable and accounts receivable with vendor or customer name

ii 12 13 14 16 17 18 20 26 Paid freight bill of $i60 on November 4 purchase. Returned half the inventory purchased on November 4 from Valera Company Sold merchandise invento . rv for cash, $1,700. c destination. ost Of QOOdSn 5580. F08 Sold merchandise inventory to Garrison Corporation, $10,300, on account terms of 3/10, n/EOM. Cost of goods, $5,150. FOB shipping point, ' Paid freight bill of $30 on November 10 sale. Sold merchandise inventory to Cain Company, $9,000, on account, terms of 1/15, n/45. Cost of goods, $4,SOO. FOB shipping point. Paid the amount owed on account from November 4, less return and discount. After negotiations, granted a $200 allowance to Garrison Corporation on November 11 sale. Received defective inventory as a sales return from the November 13 sale, 5400. Cost of goods, $200. Purchased inventory of $3,700 on account from Regan Corporation. Payment terms were 2/10, n/30, FOB destination. Received cash from Garrison Corporation, less allowance and discount. Paid amount owed on account from November is, less discount. Received cash from Cain Company, less return and discount. P ,l 7 Ed. -. fmm Sanders Corporation for cash,$12,000, POB Shipping "we ' "(MW 5200'ii 12 13 14 16 17 18 20 26 Paid freight bill of $i60 on November 4 purchase. Returned half the inventory purchased on November 4 from Valera Company Sold merchandise invento . rv for cash, $1,700. c destination. ost Of QOOdSn 5580. F08 Sold merchandise inventory to Garrison Corporation, $10,300, on account terms of 3/10, n/EOM. Cost of goods, $5,150. FOB shipping point, ' Paid freight bill of $30 on November 10 sale. Sold merchandise inventory to Cain Company, $9,000, on account, terms of 1/15, n/45. Cost of goods, $4,SOO. FOB shipping point. Paid the amount owed on account from November 4, less return and discount. After negotiations, granted a $200 allowance to Garrison Corporation on November 11 sale. Received defective inventory as a sales return from the November 13 sale, 5400. Cost of goods, $200. Purchased inventory of $3,700 on account from Regan Corporation. Payment terms were 2/10, n/30, FOB destination. Received cash from Garrison Corporation, less allowance and discount. Paid amount owed on account from November is, less discount. Received cash from Cain Company, less return and discount. P ,l 7 Ed. -. fmm Sanders Corporation for cash,$12,000, POB Shipping "we ' "(MW 5200