Journalize the following transactions for Roger's Computer, Inc., that occurred during the month of November assuming the "net" method is used. Roger's Computer's cost of inventory is 70 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 $2,100 of merchandise on account, terms 2/15, n/45, FOB shipping point. Roger's Computer, Inc., prepaid $25 of shipping costs and added the amount to the customer's invoice. Begin by recording the sale portion f 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 More info Noy Nov 3 Sold $2,100 of merchandise on account, terms 2/15. n/45, FOB shipping point. Roger's Computer, Inc., prepaid $25 of shipping costs and added the amount to the customer's invoice. Issued a credit memo to the customer acknowledging the return of $300 (sales price) of unwanted goods. 16 Received payment in full from the customer for the November 3 invoice. 7 Print Done Help me solve this Etext pages Get more help Clear all Check