Lizzie runs a small retail business in Sydney known as Coles. Lizzie buys goods from many different suppliers and then sells them to customers. She uses a perpetual inventory system. You are required to make general journal entries to record the following transactions that took place in the month of November 2021. 1.

1. Nov 1: Lizzie bought inventory for $105,500, on credit. (1 mark)

Date	Accounts	Debit ($)	Credit ($)

1. Nov 30: Lizzie sold inventory for $15,000 for cash. The cost of the inventory sold was $9,000. (2 marks)

2.

1. Nov 18: Lizzie returned some inventory that was previously purchased for $2,500 on credit. (1 mark)

Date	Accounts	Debit ($)	Credit ($)

Nov 22: Lizzie bought some inventory which was listed at a price of $17,000 on credit. The supplier gave a 10% trade discount to Lizzie. (1 mark)

1. Nov 9: A customer, who had bought inventory on credit, returned $800 of the inventory. The cost of the inventory returned was $600. (2 marks)

Date	Accounts	Debit ($)	Credit ($)