Journalize the following transactions for Beautiful Decor Inc., that occurred during the month of November assuming the "net" method is used Beautiful Decor's cost of inventory is 60 percent of the sales price (Record debits first, then credits. Exclude explanations from any journal entries) (Click the icon to view the transactions) Nov 3. Sold 51,900 of merchandise on account, terms 4/15. 1/45, FOB shipping point. Beautiful Decor, Inc. prepaid 565 of shipping costs and added the amount to the customer's invoice Begin by recording the sale portion of the entry (Do not yet record the cost related to the sale. We will do this in the next journal entry. Prepare a compound entry accounting for the sales revenue as well as the cash paid for shipping) Journal Entry Date Accounts Debit Credit Nov 3 Accounts receivable 1965 Sales revenue 1900 Cash 65 More info - X Nov 3 Sold $1,900 of merchandise on account, terms 4/15/45. FOB shipping point Beautiful Decor, Inc. prepaid 565 of shipping costs and added the amount to the customer's invoice 7 issued a credit mome to the customer acknowledging the return of $225 (sales price) of unwanted goods 16 Received payment in full from the customer for the November 3 Invoice Done