Journalize the following transactions that occurred in November 2018 for Sam's Adventure Land, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Sam's Adventure Land estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) i (Click the icon to view the transactions.) Nov. Purchased merchandise inventory on account from Valencia Company, $6,000. Terms 3/10, n/EOM, FOB shipping point. Accounts Debit Credit Date Nov. 4 More Info Purchased merchandise inventory on account from Valencia Company, $6,000. Terms 3/10, n/EOM, FOB shipping point. Nov. 4 Paid freight bill of $210 on November 4 purchase. half of the inventory purchased on November 4 from Valencia 8 Company 10 Sold merchandise inventory r cash, $1,900. Cost of goods, S760. FOB destination. Sold merchandise inventory to Garfield Corporation, $10,800, on account, terms shipping p 11 Paid freight bill of $35 on November 10 sale. Sold merchandise inventory to Cabot Company, $9,600 n/45. Cost of goods, $5,280. FOB shipping point 12 13 n account, terms of 14 Paid the amount owed on account from November 4, less return and discount. 17 as a sales return from the November 13 sale, Received defective inveniory 18 Purchased inventory of $3,500 on account from Rockport Corporation. Payment terms were 2/10, n/30, FOB destination. 20 Received cash from Garfield Corporation, less discount 26 Paid amount owed on account from November 1 Jess discount. Received cash from Cabot Company, less retun. 28 29 . $12.400. FOB nnin oint Freht in naid to shinging company, $240. Choose from any list or enter any number in the input fields and then click Check