ntin On November 4, Coon Company sold merchandise inventory on account to Tame Wholesalers, $16,000, that cost $5,600. Terms 1/10, n/30, On November 5, Tame Wholesalers paid shipping of $45. Tame Wholesalers paid the balance to Coon Company on November 13. (Assume both companies use a perpetual Inventory system and that sales are recorded at the net amount) Read the requirements Requirement 2. Journalize Coon Company's November transactions (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume sales are recorded at the net amount) Nov 4 Sold merchandise inventory on account to Tame Wholesalers, $16,000, that cost $5,600 Terms 1/10, n/30 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 Nov 4 Accounts Debit Credit