Nov 4 Purchased $5,200 of merchandise on account from Best Deal Tire. Terms, 4/15, n/45, FOB shipping point. Best Deal Tire prepaid the $75 shipping cost and added the amount to the invoice. 7 Purchased $100 of supplies on account from Staples Depot. Terms, 4/10, n/30, FOB destination. 9 Sold $1,600 (cost, $200) of merchandise on account to A. Right. Terms, 1/15, n/45, FOB destination. 11 Paid $40 freight charges to deliver goods to A. Right. 13 Returned $700 of the merchandise purchased on November 4 and received a credit. 15 Sold $900 (cost, $450) of merchandise to cash customers. 16 Paid for the supplies purchased on November 7. 18 Paid Best Deal Tire the amount due from the November 4 purchase in full. 20 A. Right returned $200 (cost, $120) of merchandise from the November 9 sale. 22 Purchased $4,300 of inventory. Paid cash. 23 Received payment in full from A. Right for the November 9 sale. 30 The refund liability for the month of November was estimated to be $260. The cost of goods estimated to be returned was $130. following transactions for Tire Warehouse, Inc, occurred during November Click the icon to view the transactions) Requirements 1. Joumalize the transactions on the books of The Warehouse Inc assuming the "net" method is used 2. What was Tire Warehouse, Inc's gross profit for the month of November? Requirement 1. Journale the transactions on the books of Tire Warehouse, Inc assuming the "ne" method is used (Record debits first, then credits Exclude explanations from a Nov 4. Purchased $5,200 of merchandise on account from Best Deal Tire Terms, 4/15, n/45, FOB shipping point Best Deal Tire propaid the $75 shipping cost and added the amount to the invoice Date Nov Journal Entry Accounts Debit Credit