Journalize the following transactions that occurred in November for Allie's Water Park, 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. Allie's Water Park estimates sales returns at the end of each month and has a November 1 balance of $550 (debit) in Estimated Returns Inventory and $850 (credit) in Refunds Payable. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Nov. 4: Purchased merchandise inventory on account from Vanderbilt Company, $8,500. Terms 2/10, n/EOM, FOB shipping point. Date Nov. 4 tempted Accounts Nov. 6: Paid freight bill of $190 on November 4 purchase. Date Nov. 6 Accounts Debit Credit Debit Credit Nov. 8: Returned half of the inventory purchased on November 4 from Vanderbilt Company. Date Nov. 8 Accounts Debit Credit Nov. 10: Sold merchandise inventory for cash, $1,900. Cost of goods, $760. FOB destination. 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. 10 Accounts Debit Credit More info Nov. 4 Purchased merchandise inventory on account from Vanderbilt Company, $8,500. Terms 2/10, n/EOM, FOB shipping point. Nov. 6 Nov. 8 Paid freight bill of $190 on November 4 purchase. Nov. 10 Returned half of the inventory purchased on November 4 from Vanderbilt Company. Sold merchandise inventory for cash, $1,900. Cost of goods, $760. FOB destination. Nov. 11 Sold merchandise inventory to Gilmore Corporation, $10,800, on account, terms 1/10, n/EOM. Cost of goods, $5,940. FOB shipping point. Sold merchandise inventory to Cadet Company, $8,800, on account, terms of n/45. Cost of goods, $4,400. FOB shipping point. Nov. 12 Nov. 13 Nov. 14 Paid freight bill of $30 on November 10 sale. Nov. 17 Paid the amount owed on account from November 4, less return and discount. Received defective inventory as a sales return from the November 13 sale, $100. Cost of goods, $50. Nov. 18 Purchased inventory of $4,500 on account from Rainman Corporation. Payment terms were 3/10, n/30, FOB destination. Received cash from Gilmore Corporation, less discount. Nov. 20 Nov. 26 Paid amount owed on account from November 18, less discount. Nov. 28 Received cash from Cadet Company, less return. Nov. 29 Purchased inventory from Silk Corporation for cash, $12,200, FOB shipping point. Freight in paid to shipping company, $180. Print Done