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Just need some help on this and the following parts. The answer in the white boxes currently are WRONG I will rate! Many thanks and

image text in transcribedJust need some help on this and the following parts. The answer in the white boxes currently are WRONG

I will rate!

Many thanks and God bless

S5-7 (similar to) Question Help On November 4, 2018, Coop Company sold merchandise inventory on account to Teal Wholesalers, $17,000, that cost $5,300. Terms 5/10, n/30. On November 5, 2018. Teal Wholesalers paid shipping of $75. Teal Wholesalers paid the balance to Coop Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.) Read the requirements Requirement 1. Journalize Teal Wholesaler's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Nov. 4: Purchased merchandise inventory on account from Coop Company for $17,000, terms 5/10, n/30 Date Accounts Debit Credit Nov. 4 16150 Merchandise Inventory Accounts Payable 16105 -X Requirements 1. Journalize Teal Wholesaler's November transactions. Journalize Coop Company's November transactions. 2. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check

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