Journalize the followint transactions that occurred in November for Colden's Awesome Park, assuming the perpetual invenotry sustem is being used. No explanations are needed. Identify each accounts payable and accounts recievable with the vendor or customer bame. Colden's awesome Park estiamates sales returns at the end of each month and has a November 1 balace od $550 (debit) in Estimated Returns Invenotry and $1,050 (credit) in Refunds Payabale.

edit) in Refunds Payable. (Record debits first, then credits. Exclude - X i More Info Purchased merchandise inventory on account from Venice Company $9,500. Nov. 4 Terms 2/10,n/EOM, FOB shipping point. Nov. 6 Paid freight bill of $150 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Venice Company Sold merchandise inventory for cash, $1,400 Cost of goods, $560. FOB Nov. 10 destination Sold merchandise inventory to Garrett Corporation $10,200, on account, terms Nov. 11 3/10,n/EOM. Cost of goods, $5,610. FOB shipping point Nov. 12 Paid freight bill of $20 on November 10 sale. Sold merchandise inventory to Cabbell Company, 58 800, on account, terms of Nov. 13 n/45. Cost of goods, $4,400. 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, $100. Nov. 17 Cost of goods, $50 Purchased inventory of $3,700 on account from Richards Corporation. Payment Nov. 18 terms were 2/10, n/30, FOB destination Nov. 20 Received cash from Garrett Corporation, less discount Nov. 26 Paid amount owed on account from November 18, less discount Nov. 28 Received cash from Cabbell Company, less return. Purchased inventory from Shanley Corporation for cash, $12,000, FOB shipping Nov. 29 point. Freight in paid to shipping company, $250. elated Print Done n OLG Nov. 4. Purchased merchandise inventory on account from Venice Company, 59,500. Terms 2/10, NEOM, FOB shipping point Date Accounts Debit Credit Nov 4 Nov 6 Pald freight bill of $150 on November 4 purchase. Date Accounts Debit Credit Nov Nov. 8. Remed half of the inventory purchased on November 4 from Venice Company Date Accounts Debit Credit Nov 10 Sold merchandise inventory for cash $1.400 Cost of goods, 5560 FOB destination Begin by preparing the entry to make the sale portion of the transaction Do not record the expense related to the sale. We will do that in the following Accounts Debit Nov so Choose from any list of enter any number in the input reads and men continue to the next question e Type here to search LG Nov 10. Sold merchandise inventory for cash, 51.400 Cost of goods $560 FOB destination Begin by preparing the entry to jumalize 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 jumalize the expense related to the November 10 sale--Cost of goods. 5560 Data Accounts Debit Now 10 Credit Nov 11 Sold merchandise inventory to Garrett Corporation, $10 200, on account, tum 3/10, NEOM. Cost of goods 55.610. FOB shipping point Begin by preparing the entry to joace the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Accounts Debit Cred Now the speed to the November 11 Cost of goods 55.610 Credit Choose to enter the route en continue tome next Tweet to search O OLG F3 v. 11 Sold merchandise inventory to Garrett Corporation $10,200, on account, terms 3/10, NEOM. Cost of goods $5,610 FOB shipping point egin 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 jumalize the expense related to the November 11 sale-Cost of goods, $5,610 Date Accounts Debit Credit Nov 11 Nov 12: Palid freight bill of $20 on November 10 sale Date Accounts Credit No 12 Now 13. Sold merchante ventory to Catbal Company, 58,800, con terms of Us Cost of goods. 54.400. FOB shipping point Choose to enter any number in the outs and then continue to the next question Type here to search O CLG Nov 13 Sold merchandise inventory to Cabbell Company, 58,800, on account, terms of n.45. Cost of goods, 54,400. FOB shipping point Begin by preparing the entry to jumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following stop Date Accounts Debit Credit Nov 13 Now jumalize the expense related to the November 13 sale--Cost of goods, 54.400 Date Accounts Debit Credit Nov. 13 Nov 1 Paid the amount owed on account from November 4, less return and discount Date Account Now Nov 17 Received detective Inventory as a man from the November 15100 Cost of goods. 550 Start by peparing the entry to record the sales return and decrease the relatie. Do not update the Merchandise inventory with this entry we will do that in the following Accounts Debut Credit Choose from any store any number in the inputs and the contesto e type here to search LG Nov 17 Received defective inventory as a sales return from the November 13 sale $100. Cost of goods $50 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 11 Now prepare the entry to update the Merchandise inventory account for the cost of the returned merchandise-Cost of goods returned $50. Account Debi Crede Nov 17 Now 18 Pudry 3.700 on account from Richard Corporation Payments were 210, 30, FOB destin De Acco Debat Credit Tech LG W E Caps Lock S D F . Nov 20 Received cash from Garrett 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 Cabbell Company, less retum Date Accounts Debat Credit Tov 29 Purchased inventory from Shanley Corporation for cash. 512.000. FOB shipping point Freight in paid to shipping company, 5250 Start by preparing the entry to record the purchase of inventory Do not record the right we will do that in the following step Accounts Debat Crede Choose from any stor enter any number in the input fields and then continue to the next question Type here to search O BE Accounts Debit Date Credit Nov. 28 Nov 29 Purchased inventory from Shanley Corporation for cash, 512,000, FOB shipping point. Freight in paid to shipping company, 5250 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 Deble Credit Nov. 29 Now record the right paid to shipping company 5250 Date Accounts Nov 29 Debit Credit Choose from any lister etter any number in the input fields and then continue to the next question e Type here to search F2 Tab w Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture