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Journalize the following transactions that occurred in November 2018 for it's Water World, assuming the perpetual inventory system is being used. No explanations are needed.
Journalize the following transactions that occurred in November 2018 for it's Water World, assuming the perpetual inventory system is being used. No explanations are needed. Identity cach counts payable and concebih vendor or customer name is Wher World estimates sales returns at the end of each month. (Record debits first, then credits Exclude explanation from oumal entries. Assume the company records at the amount) Click the icon to view the transactions) Nov. 28: Received cash from Cabot Company, less retum Date Accounts Nov. 2 Debit Credit Accounts Payable Rainer Corporation Accounts PayableSwift Corporation Accounts Payable Venice Company Nov. 20: Purchal Accounts Receivable Cabot Company Start by preparin Accounts Receivable-Graceland Corporation Cash Date Coul of Goods Sold Nov. 29 Delivery Expense Estimated Returns inventory FOB shipping point Freight in paid to shipping company 5190 record the right. We will do that in the following step Debit Crede Merchandise very Purchase Discount Now record the Purchase Returns and Alowances Refunds Payable Choose from any Revenue continue to the nation 2. 28 BO F esc A C 9 & 7 0 $ 4 % 5 8 6 2 3 0 Y T U E W R Q Tab u
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