mework

Question $4,$ SF$5-8($open response$)$

Part $1$ of $6$

HW Score: $36\mathrm{.}25\%,36\mathrm{.}25$ of $100$ points

Points: $6\mathrm{.}38$ of $12$

$($Assume both companies use a perpetual inventory system and that sales are recorded at the net amount$)$

Read the requirements.

Requirement $1.$ Journalize Train Wholesaler's November transactions. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate $)$

Nov. $4.$ Purchased merchandise inventory on account from Cool Company for $$12,500,$ terms $\frac{4}{10},\frac{n}{30}.$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Nov $4],[,,,],[,,,],[,,,],[,,,]]$