More Info Nov.1 Owner contributed $42,000 in exchange for capital. 1 Purchased merchandise inventory on credit terms of 215, n/60 from Small Co., S5,200. Issued invoice no. 1001 for sale on account to Haddie May, $4,100. Soccer House's cost of this merchandise inventory was $1,960. Collected interest revenue of $3,500. Issued invoice no. 1002 for sale on account to Berkner Co., $3,700 (cost, $1,900) 3 3 4 8 Issued check no. 900 to purchase equipment for cash, $4,400. 9 Sold merchandise inventory for cash, $2,700 (cst, $1,700). 10 Received cash from Haddie May in full settlement of her account receivable from the sale on Nov. 3. May earned a discount by paying 11 Purchased merchandise inventory for cash, S5,000, issuing check no. 11 Purchased office supplies on account from Jessie Inc., $650. Terms 13 Issued check no. 902 to pay Small Co. the net amount owed from 14 Issued invoice no. 1003 for credit sale to Haddie May, $320 (cost, 15 Issued credit memo to Berkner Co. for $450 for merchandise 901 were n/EOM. Nov. 1. Round to the nearest dollar $105) inventory returned by Berkner. Also accounted for receipt of the merchandise inventory at cost, $290. 16 Sold merchandise inventory on account to Roland Maki, issuing 17 Received cash from Berkner Co. in full settlement of its account 17 Purchased merchandise inventory on credit terms of net 30 from 19 Issued check no. 903 to pay for insurance coverage, debiting Prepaid 20 Purchased equipment on credit terms of 3/10, n/60 from Handy Co. 22 Returned damaged merchandise inventory to Small Co., issuing a 22 Purchased merchandise inventory on credit terms of 2/10, n/30 from 25 Issued check no. 904 to pay ublities, $460. invoice no. 1004 for S600 (cost, $100). Small Co., $4,800. Insurance for $2,600 $1,400. debit memo for S400. Small Co., S750. Issued check no. 905 to pay Small Co., in full on account from Nov. 17 purchase, less return. Issued check no. 90 to pay monthly salaries of $3,700. Received cash in full from Haddie May on credit sale of Nov. 14. There was no discount. Issued check no. 907 to pay Jessie Inc. in full on account from Nov. 11 purchase 27 30 30 30 Print Done