More info Nov. 4 Purchased merchandise inventory on account from Venice Company, $8,000. Terms 3/10, n/EOM, FOB shipping point. Nov. 6 .Paid freight bill of $120 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Venice Company. Nov. 10 Sold merchandise inventory for cash, \$2,000. Cost of goods, $800. FOB destination. Nov. 11 Sold merchandise inventory to Garrett Corporation, $10,400, on account, terms 1/10, n/EOM. Cost of goods, $5,720. FOB shipping point. Nov. 12 Paid freight bill of $35 on November 10 sale. Nov. 13 Sold merchandise inventory to Cannon Company, $9,500, on account, terms of n/45. Cost of goods, $4,750. FOB shipping point. Nov. 14 Paid the amount owed on account from November 4 , less return and discount. Nov. 17 Received defective inventory as a sales return from the November 13 sale, $200. Cost of goods, $100. Nov. 18 Purchased inventory of $3,900 on account from Rainman Corporation. Payment terms were 2/10,n/30, FOB destination. Nov. 20 Received cash from Garrett Corporation, less discount. Nov. 26 Paid amount owed on account from November 18 , less discount. Nov. 28 Received cash from Cannon Company, less retum. Nov. 29 Purchased inventory from Sherman Corporation for cash, \$11,800. FOB shipping point. Freight in paid to shipping company, \$250. joumaize the folowing transactions that occumed h November for Mossys Spooky Land, assuming tho porpetual kventory systom is boing use. No explanations are neoded Idenafy each accounts payable and accounts receivable with the vendoc or customer name. Missys Spooky Land estimates sales roturns at the end of each month and has a Novernber 1 balance of Stoo (debif) in Estirnated Click the icon to ves the trailsactons) Nov 4. Purchased motchandise inventory on acopont trom Verico Compary, 58,000 Torms 3/40. AEOM, FOB shipping point