Journalize the following transactions that occurred inNovember 2018 for Jill's Water World, 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. Jill's Water World 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.)

Journalize the following transactions that occurred in November 2018 for Jill's Water World, 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. Jill's Water World 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.) (Click the icon to view the transactions.) ... Nov. 4: Purchased merchandise inventory on account from Valera Company, $6,000. Terms 3/10, n/EOM, FOB shipping point. Date Accounts Debit Credit Nov. 4 Nov. 6: Paid freight bill of $170 on November 4 purchase. Date Accounts Debit Credit Nov. 6 Nov. 8: Returned half of the inventory purchased on November 4 from Valera Company. Date Accounts Debit Credit Nov. 8 Nov. 8: Returned half of the inventory purchased on November 4 from Valera Company. Date Accounts Debit Credit Nov. 8 Nov. 10: Sold merchandise inventory for cash, $1,200. Cost of goods, $480. 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 Accounts Debit Credit Nov. 10 Now journalize the expense related to the November 10 sale-Cost of goods, $480. Date Accounts Debit Credit Now journalize the expense related to the November 10 sale-Cost of goods, $480. Date Accounts Debit Credit Nov. 10 Nov. 11: Sold merchandise inventory to Garrison Corporation, $10,400, on account. Terms 1/10, n/EOM. Cost of goods, $5,200. 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 Accounts Debit Credit Nov. 11 Now journalize the expense related to the November 11 sale-Cost of goods, $5,200. Date Accounts Debit Credit Now journalize the expense related to the November 11 saleCost of goods, $5,200. Date Accounts Debit Credit Nov. 11 Nov. 12: Paid freight bill of $50 on November 10 sale. Date Accounts Debit Credit Nov. 12 Nov. 13: Sold merchandise inventory to Cain Company for $9,300 on account, terms of n/45. Cost of goods, $4,650. 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 Accounts Debit Credit Nov. 13: Sold merchandise inventory to Cain Company for $9,300 on account, terms of n/45. Cost of goods, $4,650. 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 Accounts Debit Credit Nov. 13 Now journalize the expense related to the November 13 sale-Cost of goods, $4,650. Date Accounts Debit Credit Nov. 13 Nov. 14: Paid the amount owed on account from November 4, less return and discount. Date Accounts Debit Credit Nov. 14: Paid the amount owed on account from November 4, less return and discount. Date Accounts Debit Credit Nov. 14 Nov. 17: Received defective inventory as a sales return from the November 13 sale, $300. Cost of goods, $150. Start by preparing the entry to record the sales return and decrease the receivable. Do not update the Merchandise Inventory with this entry. We will do that in the following step. Date Accounts Debit Credit Nov. 17 Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandiseCost of goods returned, $150. Date Accounts Debit Credit Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise Cost of goods returned, $150. Date Accounts Debit Credit Nov. 17 Nov. 18: Purchased inventory of $3,800 on account from Rafferty Corporation. Payment terms were 3/10, n/30, FOB destination. Date Accounts Debit Credit Nov. 18 Nov. 20: Received cash from Garrison Corporation, less discount. Date Accounts Debit Credit Nov. 20 Nov. 20: Received cash from Garrison Corporation, less discount. Date Accounts Debit Credit Nov. 20 Nov. 26: Paid amount owed on account from November 18, less discount. Date Accounts Debit Credit Nov. 26 Nov. 28: Received cash from Cain Company, less return. Date Accounts Debit Credit Nov. 28 Nov. 28: Received cash from Cain Company, less return. Date Accounts Debit Credit Nov. 28 Nov. 29: Purchased inventory from Sampson Corporation for cash, $11,600, FOB shipping point. Freight in paid to shipping company, $220. 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 Accounts Debit Credit Nov. 29 Now record the freight paid to shipping company, $220. Date Accounts Debit Credit Nov. 29: Purchased inventory from Sampson Corporation for cash, $11,600, FOB shipping point. Freight in paid to shipping company, $220. 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 Accounts Debit Credit Nov. 29 Now record the freight paid to shipping company, $220. Date Accounts Debit Credit Nov. 29 More info Purchased merchandise inventory on account from Valera Company, $6,000. Nov. 4 Terms 3/10, n/EOM, FOB shipping point. Nov. 6 Paid freight bill of $170 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Valera Company. Sold merchandise inventory for cash, $1,200. Cost of goods, $480. FOB Nov. 10 destination. Sold merchandise inventory to Garrison Corporation, $10,400, on account, terms Nov. 11 1/10, n/EOM. Cost of goods, $5,200. FOB shipping point. Nov. 12 Paid freight bill of $50 on November 10 sale. Sold merchandise inventory to Cain Company, $9,300 on account, terms of n/45. Nov. 13 Cost of goods, $4,650. FOB shipping point. Nov. 14 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, $300. Nov. 17 Cost of goods, $150. Purchased inventory of $3,800 on account from Rafferty Corporation. Payment Nov. 18 terms were 3/10, n/30, FOB destination. Nov. 20 Received cash from Garrison Corporation, less discount. Nov. 26 Paid amount owed on account from November 18, less discount. Nov. 28 Received cash from Cain Company, less return. More info Nov. 6 Paid freight bill of $170 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Valera Company. Sold merchandise inventory for cash, $1,200. Cost of goods, $480. FOB Nov. 10 destination. Sold merchandise inventory to Garrison Corporation, $10,400, on account, terms Nov. 11 1/10, n/EOM. Cost of goods, $5,200. FOB shipping point. Nov. 12 Paid freight bill of $50 on November 10 sale. Sold merchandise inventory to Cain Company, $9,300 on account, terms of n/45. Nov. 13 Cost of goods, $4,650. FOB shipping point Nov. 14 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, $300. Nov. 17 Cost of goods, $150. Purchased inventory of $3,800 on account from Rafferty Corporation. Payment Nov. 18 terms were 3/10,n/30, FOB destination. Nov. 20 Received cash from Garrison Corporation, less discount. Nov. 26 Paid amount owed on account from November 18, less discount Nov. 28 Received cash from Cain Company, less return. Purchased inventory from Sampson Corporation for cash, $11,600, FOB shipping Nov. 29 point. Freight in paid to shipping company, $220