Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov. 3 Purchased merchandise on account from Moonlight Co., list price $94,000, trade discount 25%, terms FOB destination, 2/10, n/30. 4 Sold merchandise for cash, $35,040. The cost of the merchandise sold was $20,610. 5 Purchased merchandise on account from Papoose Creek Co., $50,800, terms FOB shipping point, 2/10, n/30, with prepaid freight of $850 added to the invoice. 6 Returned $12,000 ($16,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $14,030 with terms n/15. The cost of the merchandise sold was $9,130. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise on VISA, $243,720. The cost of the merchandise sold was $148,260. 15 Paid Papoose Creek Co. on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $52,500, terms 1/10, n/30. The cost of the merchandise sold was $36,660. 28 Paid VISA service fee of $3,750. 30 Paid Quinn Co. a cash refund of $1,710 for damaged merchandise from sale of November 8. Quinn Co. kept the merchandise. CHART OF ACCOUNTS Harrison Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable-Quinn 610 Interest Revenue Co. 122 Accounts Receivable-Rabel EXPENSES Co. 510 Cost of Merchandise Sold 125 Notes Receivable 521 Delivery Expense 130 Merchandise Inventory 522 Advertising Expense 131 Estimated Returns Inventory 524 Depreciation Expense- 140 Office Supplies Store Equipment 141 Store Supplies 525 Depreciation Expense- 142 Prepaid Insurance Office Equipment 180 Land 526 Salaries Expense 192 Store Equipment 531 Rent Expense 102 Maumulated Donnaviation 533 Insurance Evnense TUU Lallu 192 Store Equipment 531 Rent Expense 193 Accumulated Depreciation- 533 Insurance Expense Store Equipment 534 Store Supplies Expense 194 Office Equipment 535 Office Supplies Expense 195 Accumulated Depreciation- 536 Credit Card Expense Office Equipment 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Moonlight Co. 212 Accounts Payable-Papoose Creek Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Owner, Capital Journalize the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 10 JOURNAL Score: 13/401 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Nov. 3 Cost of Merchandise Sold 94,000.00 + 2 Owner, Capital 94,000.00 1 3 4 6 8 9 10 11 12 13 14