More Info More Info - X oss method to record the sales ot record the cost of goods sol Accounts Receivable $5,600 Allowance for Uncollectible Accounts $410 credit balance Print Done - X Requirements November 3 Sold $450 of merchandise to Marten's Inc., which paid for the items in cash. The items cost Keefe $125. November 5 Sold $500 of merchandise to Laney Co., which paid by credit card. The credit card company charges Keefe a fee of 3% on credit card sales. Keefe's cost of this merchandise was $140. November 10 Sold $900 of merchandise to Wisteria Creek on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $750. November 11 Sold $2,200 of merchandise to Abato Shoppes on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $1,360. November 12 Sold $870 of merchandise to Bardot Ridge Inc., on account Terms were 3/10, net 30. Keefe's cost of this merchandise was $348 November 18 Wisteria Creek reported that some of the merchandise received was in a different color than ordered so it returned $110 of the merchandise. The cost to Keefe was $44. November 20 Abato Shoppes paid the balance of what it owed for the purchase on November 11. November 22 Bardot Ridge Inc., returned $170 of the merchandise for a refund. Keefe's cost of the returned merchandise was $68. November 22 Bardot Ridge Inc., paid the remaining balance owed for the purchase on November 12 November 23 Sold $5,400 of merchandise to Coventry Co. on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $2,160. November 25 Wisteria Creek paid the balance of what it owed for the purchase on November 10. November 26 Discovered that Eastlake Enterprises, a customer owing $110 from a July transaction, declared bankruptcy and there is no chance of collection. Wrote off the balance of Eastlake's account November 27 Sold $200 of merchandise to Demings's One-Stop-Shop on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $60. November 1-30 Sales on account during the month of November for transactions not listed individually totaled $7,600. Cost of goods sold for these sales totaled $3,040. ecord Keefe's November including of goods sold entries for each sale. 2. Calculate the net realizable value of accounts receivable as of November 30. Print Done Requirement 1. Record Keefe's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $450 of merchandise to Marten's Inc., which paid for the items in cash. The items cost Keefe $125. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 3 Now record the cost of goods sold for the sale of merchandise on November 3. Journal Entry Date Accounts Debit Credit Nov 3 November 5: Sold $500 of merchandise to Laney Co., which paid by credit card. The credit card company charges Keefe a fee of 3% on credit card sales. Keefe's cost of this merchandise was $140. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 5 Now record the cost of goods sold for the sale of merchandise on November 5. Journal Fntry Choose from any list or enter any number in the input fields and then continue to the next question. Now record the cost of goods sold for the sale of merchandise on November 5. Journal Entry Date Accounts Debit Credit Nov 5 November 10: Sold $900 of merchandise to Wisteria Creek on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $750. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 10 Now record the cost of goods sold for the sale of merchandise on November 10. Journal Entry Date Accounts Debit Credit Nov 10 November 11: Sold $2,200 of merchandise to Abato Shoppes on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $1,360. Do not record the cost of goods sold entry yet. We will do that in the next step Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Journal Entry Date Accounts Debit Credit Nov 11 Now record the cost of goods sold for the sale of merchandise on November 11. Journal Entry Date Accounts Debit Credit Nov 11 November 12: Sold $870 of merchandise to Bardot Ridge Inc., on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $348. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 12 Now record the cost of goods sold for the sale of merchandise on November 12. Journal Entry Now record the cost of goods sold for the sale of merchandise on November 12. Journal Entry Date Accounts Debit Credit Nov 12 November 18: Wisteria Creek reported that some of the merchandise received was in a different color than ordered so it returned $110 of the merchandise. The cost to Keefe was $44. Do not record the inventory entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 18 Now record the inventory entry for the return of merchandise on November 18 Journal Entry Date Accounts Debit Credit Nov 18 November 20: Abato Shoppes paid the balance of what it owed for the purchase on November 11. Journal Entry More Info More Info - X oss method to record the sales ot record the cost of goods sol Accounts Receivable $5,600 Allowance for Uncollectible Accounts $410 credit balance Print Done - X Requirements November 3 Sold $450 of merchandise to Marten's Inc., which paid for the items in cash. The items cost Keefe $125. November 5 Sold $500 of merchandise to Laney Co., which paid by credit card. The credit card company charges Keefe a fee of 3% on credit card sales. Keefe's cost of this merchandise was $140. November 10 Sold $900 of merchandise to Wisteria Creek on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $750. November 11 Sold $2,200 of merchandise to Abato Shoppes on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $1,360. November 12 Sold $870 of merchandise to Bardot Ridge Inc., on account Terms were 3/10, net 30. Keefe's cost of this merchandise was $348 November 18 Wisteria Creek reported that some of the merchandise received was in a different color than ordered so it returned $110 of the merchandise. The cost to Keefe was $44. November 20 Abato Shoppes paid the balance of what it owed for the purchase on November 11. November 22 Bardot Ridge Inc., returned $170 of the merchandise for a refund. Keefe's cost of the returned merchandise was $68. November 22 Bardot Ridge Inc., paid the remaining balance owed for the purchase on November 12 November 23 Sold $5,400 of merchandise to Coventry Co. on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $2,160. November 25 Wisteria Creek paid the balance of what it owed for the purchase on November 10. November 26 Discovered that Eastlake Enterprises, a customer owing $110 from a July transaction, declared bankruptcy and there is no chance of collection. Wrote off the balance of Eastlake's account November 27 Sold $200 of merchandise to Demings's One-Stop-Shop on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $60. November 1-30 Sales on account during the month of November for transactions not listed individually totaled $7,600. Cost of goods sold for these sales totaled $3,040. ecord Keefe's November including of goods sold entries for each sale. 2. Calculate the net realizable value of accounts receivable as of November 30. Print Done Requirement 1. Record Keefe's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $450 of merchandise to Marten's Inc., which paid for the items in cash. The items cost Keefe $125. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 3 Now record the cost of goods sold for the sale of merchandise on November 3. Journal Entry Date Accounts Debit Credit Nov 3 November 5: Sold $500 of merchandise to Laney Co., which paid by credit card. The credit card company charges Keefe a fee of 3% on credit card sales. Keefe's cost of this merchandise was $140. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 5 Now record the cost of goods sold for the sale of merchandise on November 5. Journal Fntry Choose from any list or enter any number in the input fields and then continue to the next question. Now record the cost of goods sold for the sale of merchandise on November 5. Journal Entry Date Accounts Debit Credit Nov 5 November 10: Sold $900 of merchandise to Wisteria Creek on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $750. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 10 Now record the cost of goods sold for the sale of merchandise on November 10. Journal Entry Date Accounts Debit Credit Nov 10 November 11: Sold $2,200 of merchandise to Abato Shoppes on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $1,360. Do not record the cost of goods sold entry yet. We will do that in the next step Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Journal Entry Date Accounts Debit Credit Nov 11 Now record the cost of goods sold for the sale of merchandise on November 11. Journal Entry Date Accounts Debit Credit Nov 11 November 12: Sold $870 of merchandise to Bardot Ridge Inc., on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $348. Do not record the cost of goods sold entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 12 Now record the cost of goods sold for the sale of merchandise on November 12. Journal Entry Now record the cost of goods sold for the sale of merchandise on November 12. Journal Entry Date Accounts Debit Credit Nov 12 November 18: Wisteria Creek reported that some of the merchandise received was in a different color than ordered so it returned $110 of the merchandise. The cost to Keefe was $44. Do not record the inventory entry yet. We will do that in the next step. Journal Entry Date Accounts Debit Credit Nov 18 Now record the inventory entry for the return of merchandise on November 18 Journal Entry Date Accounts Debit Credit Nov 18 November 20: Abato Shoppes paid the balance of what it owed for the purchase on November 11. Journal Entry