Nov. 4 Purchased merchandise inventory on account from Vickman Company, $8,000. Terms 1/10, n/EOM, FOB shipping point. Nov. 6 Paid freight bill of $180 on November 4 purchase. Nov. 8 Returned half of the inventory purchased on November 4 from Vickman Company. Nov. 10 Sold merchandise inventory for cash, $1,100. Cost of goods, $440. FOB destination. Nov. 11 Sold merchandise inventory to Garfunkel Corporation, $10,100, on account, terms 1/10, n/EOM. Cost of goods, $5,050. FOB shipping point. Nov. 12 Paid freight bill of $70 on November 10 sale. Nov. 13 Sold merchandise inventory to Cale Company, $8,900, on account, terms of n/45. Cost of goods, $4,450. FOB shipping point. Nov. 14 Paid the amount owed on account from November 4 , less return and discount. Nov. 17 Received defective inventory as a sales return from the November 13 sale, $100. Cost of goods, $50. Nov. 18 Purchased inventory of $3,700 on account from Rafferty Corporation. Payment terms were 2/10,n/30,FOB destination. Nov. 20 Received cash from Garfunkel Corporation, less discount. Nov. 26 Paid amount owed on account from November 18, less discount. Nov. 28 Received cash from Cale Company, less return. Nov. 29 Purchased inventory from Sampson Corporation for cash, $11,400. FOB shipping point. Freight in paid to shipping company, $250. oumalize the following transactions that oocurred in November for Colden's Awesome. Park, assuming the perpetual invertory syslem is being used. No explanations are needed. identy each tcoounts payable and accounts recelvable with the vendor or customer name. Colden's Awescme Park estimates sales roturns at the end of 6ach month and has a November 1 balance of $660 debis) in Estir Flick the icon to view the trarsactions) Nov. 4: Purchated merchandise inventory on account from Vickman Company, 58,000, Terma 1/10, weOM, Fod ahpping point. Nov, 6. Paid treight bil of 5100 on Nowember 4 purchase. Nov. b: Petumed hait of the invechory purchased on November 4 icoms Vickman Compapy ournalize the following transactions that occurred in November for Colden's Awesome Park, assuming the perpetual inventory system is being used. No explar iccounts payable and accounts receivable with the vendor or customer name. Colden's Awesome Park estimates sales returns at the end of each month and his debit) in Estimated Returns Inventory and $850 (credit) in Refunds Payable. (Record debits first, then credits. Exclude explanations from joumal entries. Assum net amount.) Click the icon to view the transactions.) Nov. 8: Returned haif of the inventory purchased on November 4 from Vickman Company. Nov. 10: Sold merchandise inventory for cash, $1,100. Cost of goods, $440. FOB destination. 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 stop. Now journalize the expense related to the November 10 sale-Cost of goods, $440. Nov. 11: Sold merchandise inventory to Garfunkel Corporation, \$10,100, on account, terms 1/10, nEOM. Cost of goods, \$5,050. 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 follow Nov. 12: Paid freight bill of $70 on November 10 sale. Nov. 13: Sold merchandise inventory to Cale Company, $8,900, on account, terms of n/45. Cost of goods, $4,450. FOB shipping poin 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 Nov. 13: Sold merchandise inventory to Cale Company, $8,900, on account, terms of n/45. Cost of goods, $4,450. 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 th Now journalize the expense related to the November 13 sale - Cost of goods, $4,450. Nov. 14: Paid the amount owed on account from November 4, less return and discount. accounts payable and accounts receivable with the vendor or customer name. Colden's Aw, assuming the perpetual inventory system is bein (debit) in Estimated Returns Inventory and $850 (credit) in Refunds Payable. (Record debits first, then credits. Exclude returns at the end of e net amount.) Click the icon to view the transactions.) Start by preparing the entry to record the sales return and decrease the receivable. Do not update the Merchandise Inventory with this entry. We net amount.) Click the icon to view the transactions.) Nov. 20: Received cash from Garfunkel Corporation, less discount. Nov. 26: Paid amount owed on account from November 18, less discount. Nov. 28: Received cash from Cale Company, less return. acoounts payoble and ascoiots toceivable with fe vendor or castomer name. Colden's Awetome Pad esfmates not amount Dick to icon to vigw the fansacions.) Stat by preparng the enty to reoond fie purchane of inventory. Do nat reoord the treight. We wit do that in the folo Now rocord the freght peid so shisping company. taso