Journalize the following transactions that occurred in November for Thelma's Amusement, 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. Thelma's Amusement estimates sales returns at the end of each month and has a November 1 balance of $650(debit) in Estimated Returns Inventory and $1,100(credit) in Refunds Payable.

More Info Nov. 4 Nov. 6 Nov. 8 Nov. 10 Purchased merchandise inventory on account from Valera Company, $6,000. Terms 2/10, n/EOM, FOB shipping point. Paid freight bill of $190 on November 4 purchase. Returned half of the inventory purchased on November 4 from Valera Company. Sold merchandise inventory for cash, $1,800. Cost of goods, $720. FOB destination. Sold merchandise inventory to Gilmore Corporation, $10,400, on account, terms 2/10, n/EOM. Cost of goods, $5,720. FOB shipping point. Paid freight bill of $35 on November 10 sale. Nov. 11 Nov. 12 1 More Info Nov. 13 Nov. 14 Nov. 17 Sold merchandise inventory to Cannon Company, $9,000, on account, terms of n/45. Cost of goods, $4,950. FOB shipping point. 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, $400. Cost of goods, $220. Purchased inventory of $4,300 on account from Rockport Corporation. Payment terms were 3/10, n/30, FOB destination. Received cash from Gilmore Corporation, less discount. Paid amount owed on account from November 18, less discount Nov. 18 Nov. 20 Nov. 26 MLADO More Info Nov. 17 Nov. 18 Nov. 20 Received defective inventory as a sales return from the November 13 sale, $400. Cost of goods, $220. Purchased inventory of $4,300 on account from Rockport Corporation. Payment terms were 3/10, n/30, FOB destination. Received cash from Gilmore Corporation, less discount. Paid amount owed on account from November 18, less discount Received cash from Cannon Company, less return. Purchased inventory from Sully Corporation for cash, $12,100, FOB shipping point. Freight in paid to shipping company, $180. Nov. 26 Nov. 28 Nov. 29