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Just need some help on this and the parts that follow please I will rate! Many thanks and God bless! S5-7 (similar to) Question Help

image text in transcribedJust need some help on this and the parts that follow please

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 Requirements - X 1. 2. Journalize Teal Wholesaler's November transactions. Journalize Coop Company's November transactions. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check

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