Journalize the following transactions that occured in November 2018 for Irone's Adventure Park Assume trend's uses the gross method to record sales revenue. No explanations are needed identify each accounts payable and accounts cavab vendor or customer name (Assume the company uses a perpetual inventory system) Click the icon to view the transactions) Hecord dobits first, then credits Exclude explanations from journal entries) Nov. 4 Purchased merchandise invertory on account from Valsad Company, $12.000 Terms 1/10, nEOM, FOB shipping point More info Date Accounts Debit Credit Nov. 4 Nov. 6 Pad ght of $100 on November 4 purchase Date Accounts Nov. 4 Purchased merchandise inventory on account from Valsad Company $12,000 Terms 10 NEOM, FOB shoping point Nov. 6. Paid begre 1of $100 on November 4 purchase Nov Returned Debi Credit Nov 11 Nov 12 Nov. Returned half of the inventory purchased on November 4 from Valsad Company Date Hoc S Accounts Debi Credit Nov 10 mart Nov 13 Nov. 14 wentory purchased on November & hoes Vasad Company mory for an 1100 Cest of goods 5000 FOB destination Bad merchanventory to Gore Corporation $13.500 en anunt, 210, OM Coot of goods 1050 FOB shpong point Paid freight 500 on November 10 Sold merchandise inventory to Cabbet Company $13.000 an acount tems of 10 45 Co if good $7.00 Fon sheeing pot Pad the amount owed on acure for November, and discount Purchased inventory of $4.400 on account frum Russo Coperation Payment terms wore 21 Nov. 1830, FOB destination Nov. 20 Received cash tum Ginore Corporation, we dont Nov 26 Paid amount owed on account from November 1. less dacoust Nov. 28 coved cash From Cateel Company Purchased evenbiry from Bully Corporation for cash, 12, 100, F00 anping po Nov. 29 go to shoping compars 170 Nov. 10. Sed mechandise invertory for cash, $1,100 Cost of goods, $550 ron destination begin by preparing the dry to pumale the sale portion of the transaction (Do not recont the expersed to the sale. We wan then cocte to the next question Pt Doo X Vendor or customer name. (Assume the company uses a perpetual inventory system.) (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 10: Sold merchandise inventory for cash, $1,100. Cost of goods, $550. FOB destination. The gross method to record sales revend Begin by preparing the entry to journalize the sale portion of the transaction. (Do not record the expense related to the sale. We will do that in the following step.) Date Accounts Debit Credit Nov. 10 Now journalize the expense related to the November 10 sale-Cost of goods, $550. Date Nov. 10 Accounts Debit Credit Nov. 11: Sold merchandise inventory to Gilmore Corporation, $13,500, on account. Terms 2/10, n/EOM. Cost of goods, $4,050. FOB shipping point Begin by preparing the entry to journalize the sale portion of the transaction. (Do not record the expense related to the sale. We will do that in the following step.) Date Nov. 11 Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Type here to search the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Now journalize the expense related to the November 11 sale-Cost of goods, $4,050. Date Nov. 11 Accounts Nov. 12: Paid freight bill of $60 on November 10 sale. Date: Nov. 12 Accounts Debit Credit Debit Credit to record sales reve Nov. 13: Sold merchandise inventory to Cabbell Company, $13,000 on account, terms of 1/10, n/45. Cost of goods, $7,800. FOB shipping point Begin by preparing the entry to journalize the sale portion of the transaction. (Do not record the expense related to the sale. We will do that in the following step) Date Nov. 13 Accounts Debit Credit New inmalize the evnence related in the Nouember 13 cala-net of node 37 Ann Choose from any list or enter any number in the input fields and then continue to the next question Save for Later explanations from journal entries.) Now journalize the expense related to the November 13 sale-Cost of goods, $7,800. Date Nov. 13 Accounts Debit Nov. 14: Paid the amount owed on account from November 4, less return and discount. Date Nov. 14 Accounts Debit Credit Credit Nov. 18: Purchased inventory of $4,400 on account from Russo Corporation. Payment terms were 2/10, n/30, FOB destination. Date Nov. 18 Accounts Debit Credit Nov. 20: Received cash from Gilmore Corporation, less discount. then continue to the next question. (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 20: Received cash from Gilmore Corporation, less discount. Date Nov. 20 Accounts Nov. 26: Paid amount owed on account from November 18, less discount. Date Nov. 26 Accounts Nov. 28: Received cash from Cabbell Company. Date Nov. 28 Debit Credit Debit Credit Accounts Debit Credit Nov. 29: Purchased inventory from Sully Corporation for cash, $12,100, FOB shipping point. Freight in paid to shipping company. S Start by preparing the entry to record the purchase of inventory. (Do not record the freight. We will do that in the following step.) Choose from any list or enter any number in the input fields and then continue to the next question. Nov. 28 Nov. 29: Purchased inventory from Sully Corporation for cash, $12,100, FOB shipping point. Freight in paid to shipping company, $170. Start by preparing the entry to record the purchase of inventory. (Do not record the freight. We will do that in the following step.) Date Nov. 29 Accounts Now record the freight paid to shipping company, $170. Date Nov. 29 Accounts Debit Credit Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search