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Nov15 Sold inventory to Lamberton United Inc. for $1,500 (Cost is $600), terms 1/5, n/20 Nov16 Sold Inventory to Ashley Associated Co. for $3,000 (Cost

Nov15 Sold inventory to Lamberton United Inc. for $1,500 (Cost is $600), terms 1/5, n/20 Nov16 Sold Inventory to Ashley Associated Co. for $3,000 (Cost is $1,000) terms 1/10, n/30 Nov17 Paid the shipping charges $600 for Nov16 inventory sales. Nov22 Received the money from Lamberton United Inc in full. Nov23 Issued a credit memo to Ashley Associated Co. for $200 for the allowance Nov25 Received the money from Ashely Associated in full. Please make entries for the above Inventory Sales and Receipts transactions

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