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Nov. 4 Nov. 6 Nov. 8 Nov. 10 Nov. 11 Nov. 12 Nov. 13 Nov. 14 Nov. 17 Purchased merchandise inventory on account from
Nov. 4 Nov. 6 Nov. 8 Nov. 10 Nov. 11 Nov. 12 Nov. 13 Nov. 14 Nov. 17 Purchased merchandise inventory on account from Vavoom Company, $11,000. Terms 1/10, n/EOM, FOB shipping point. Paid freight bill of $170 on November 4 purchase. Returned half of the inventory purchased on November 4 from Vavoom Company Sold merchandise inventory for cash, $1,900. Cost of goods, $760. FOB destination Sold merchandise investory to Gath Corporation, $10,700, on account, terms 3/10. NEOM. Cost of goods, $5,350. FOB shipping point Paid freight bill of $70 on November 10 sale. Sold merchandise inventory to Cannon Company, $8,600, on account, terms of n/45 Cost of goods, $4,730, FOB shipping point. Paid the amount owed on account from November 4, less return and discount Received defective inventory as a sales return from the November 13 sale. $400, Cost of goods, $220.
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