More Info V. 4 Purchased merchandise inventory on account from Vanderbilt Company, $6,000. Terms 3/10, n/EOM, FOB shipping point. 6 Paid freight bill of $130 on November 4 purchase. 8 Retured half of the inventory purchased on November 4 from Vanderbilt Company 10 Sold merchandise inventory for cash, $1,400. Cost of goods, $560. FOB destination. 11 Sold merchandise inventory to Graceland Corporation, $10,500, on account, terms 2/10, n/EOM. Cost of goods, $5,250. FOB shipping point. 12 Paid freight bill of $60 on November 10 sale. 13 Sold merchandise inventory to Cain Company, $8,500 on account, terms of n/45. Cost of goods, $4,250. FOB shipping point. 14 Paid the amount owed on account from November 4, less return and discount. 17 Received defective inventory as a sales return from the November 13 sale, $200. Cost of goods, $100. 18 Purchased Inventory of $3,700 on account from Russo Corporation. Payment terms were 2/10,n/30, FOB destination. 20 Received cash from Graceland Corporation, less discount. 26 Paid amount owed on account from November 18, less discount. 28 Received cash from Cain Company, less return. 29 Purchased inventory from Smith Corporation for cash, $11,700, FOB shipping point. Freight in paid to shipping company, $200. Print Done Clear All NUOUM ( ar to) Joumate the following transactions that occurred in November 2018 for Sam's Adventure Land, assuming the perpetual inventory system is being used. No explanations are needed Identity each accounts payable and heyendor or customer name. Sam's Adventure Land estimates sales returns at the end of each month ( Record bis first the credits. Exclude explanations from jumalates Assume the company records as the name Click the icon to view the transactions) Nov. 4. Purchased merchandise inventory on account from Vanderbilt Company. 50,000. Terms 110, VLOM, FOB shipping point Accounts Debit Credit Nov. 4 6,000 Merchandise inventory Accounts Payable Vanderbilt Company 6.000 Nov. 6: Paid freight of $130 on November 4 purchase Date Accounts Debit Credit Nov 6 Merchandise Inventory Cash Now : Returned half of the inventory purchased on November 4 from Vanderbilt Company Credit Choose from any list or for any number in the input fields and then click Check Answer 16 Parts Date Debit Credit Nov. 6 Accounts Merchandise Inventory Cash 130 130 Nov. 8: Returned half of the inventory purchased on November 4 from Vanderbilt Company. Date Accounts Debit Credit Nov. 8 Choose from any list or enter any number in the input fields and then click Check Answer Clear All 10 remaining esc 20 F3 F4 #