*** Nov. 4: Purchased merchandise inventory on account from Valera Company, $7,000. Terms 1/10, NEOM, FOB shipping point. Date Accounts Debit Credit Nov. 4 Merchandise Inventory Accounts Payable-Valera Company Nov. 6: Paid freight bill of $140 on November 4 purchase. Dato Debit Credit Nov 6 Accounts Merchandise Inventory Cash Nov. 8. Returned half of the inventory purchased on November 4 from Valera Company Date Accounts Debit Credit Nov. 8 Nov. 10: Sold merchandise inventory for cash, $1,600. Cost of goods, $640. FOB destination Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Accounts Debit Credit Nov. 10 Now journalize the expense related to the November 10 sale-Cost of goods, $640 Date Accounts Debit Credit Nov. 10 Choose from any list or enter any number in the input fields and then continue to the next question Now joumalize the expense related to the November 10 sale--Cost of goods, $640. Dato Accounts Debit Credit Nov. 10 Nov. 11: Sold merchandise inventory to Graceland Corporation, $10,600, on account. Terms 3/10, NEOM. Cost of goods, 5,830. FOB shipping point. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Date Accounts Debit Credit Nov. 11 Now journalize the expense related to the November 11 sale-Cost of goods, $5,830 Date Accounts Debit Credit Nr 11 Choose from any lint or enter any number in the input fields and then continue to the next question, Now journalize the expense related to the November 11 sale-Cost of goods, 55,830. Dato Accounts Debit Credit Nov. 11 Nov. 12: Pald freight bill of $70 on November 10 sale Date Accounts Debit Credit Nov. 12 Nov. 13: Sold merchandise inventory to Cain Company for $9,800 on account, terms of 145. Cost of goods, $5,280. FOB shipping point Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following stop. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Nov. 13: Sold merchandise Inventory to Cain Company for $9,600 on account, terms of n/45. Cost of goods, $5,280. FOB shipping point Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Date Accounts Debit Credit Nov. 13 Now journalize the expense related to the November 13 sale Cost of goods, $5,280 Date Accounts Debit Credit Nov 13 Nov. 14. Paid the amount owed on account from November 4, less return and discount Date Accounts Debit Credit Nov 14 Choose from any list or enter any number in the input fields and then continue to the next question Nov. 14: Paid the amount owed on account from November 4, less return and discount. Date Accounts Debit Credit Nov. 14 Nov. 17: Received defective inventory as a sales return from the November 13 sale $200 Cost of goods. $110. Start by preparing this entry to record the sales return and decrease the receivable. Do not update the Merchandise Inventory with this entry. We will do that in the following step Data Accounts Debit Credit Nov 17 Now prepare the entry to update the Merchandise Inventory account for the cost of the retumed merchandise--Cost of goods returned. 5110 Accounts Debit Credit Date Choose from any fint or enter any number in the input fields and then continue to the next question Now prepare the entry to update the Merchandise Inventory account for the cost of the returned merchandise-Cost of goods returned, S110. Date Accounts Debit Credit Nov. 17 Nov. 18: Purchased inventory of $4,300 on account from Rainer Corporation. Payment terms were 3/10, 1/30, FOB destination Date Accounts Debit Credit Nov. 18 Nov. 20: Received cash from Graceland Corporation, less discount Date Accounts Debit Credit Nov. 20 Choose from any list or enter any number in the input fields and then continue to the next question Nov. 20: Received cash from Graceland Corporation, less discount. Date Accounts Debit Credit Nov. 20 Nov. 26: Paid amount owed on account from November 18, less discount. Date Accounts Debit Credit Nov. 26 Nov. 28: Received cash from Cain Company, less return Date Accounts Debit Credit Nov. 28 Choose from any list or enter any number in the input fields and then continue to the next question. Nov. 28: Received cash from Cain Company, less return Date Accounts Debit Credit Nov. 28 Nov. 29: Purchased inventory from Sugarman Corporation for cash, $11,400, FOB shipping point. Freight in paid to shipping company, $220. Start by preparing the entry to record the purchase of inventory. Do not record the freight. We will do that in the following step. Date Accounts Debit Credit Nov. 29 Now record the freight paid to shipping company, $220. Date Accounts Nov. 29 Dobit Credit Choose from any list or enter any number in the input fields and then continue to the next question Now record the freight paid to shipping company, $220. Date Accounts Debit Credit Nov. 29 Choose from any list or enter any number in the input fields and then continue to the next