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O On November 4, 2016. Cook Company sold merchandise inventory on account to Teal Wholesalers, 517.000 that cost $5.00 Terms 3/10./30. On November 62018. Teal

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O On November 4, 2016. Cook Company sold merchandise inventory on account to Teal Wholesalers, 517.000 that cost $5.00 Terms 3/10./30. On November 62018. Teal Wholesalers paid shipping of 356. Teal Wholesalers paid the balance to Cook Company on November 13, 2018. (um both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the girements Requirement 1. Journal Teal Wholesaler's November transactions. Record debit first, then credits. Select the explanation on the last line of the Jumal entry table) Nov. 4: Purchased merchandise invertory on account from Cook Company for $17.000, terma 3/10, 1/30 Date Accounts Debit Credit Nov. 4 Requirements 1. Journal Teal Wholder's November transactions 2. Journal Cook Company's November transactions Nov. 5: Paid shipping of $55 Date Accounts Dore Now. 5 Nov. 13 Paid the balance to Cook Company On November 4, 2018. Cook Company sold merchandise inventory on account to Teal Wholesalers. $17.000, that cost $5.500. Terms 3/10./30. On November 8, 2018. Tee Wholesalers paid shipping of $56. Teal Wholesalers paid the balance to Cook Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that we recorded at the net amount.) Read the wirements Nov. 13: Paid the balance to Cook Company Date Accounts Debit Credit Nov. 13 Requirement 2. Joumaine Cook Company's November actions. (Record debent, the credits Select the explanation on the last line of the jumalaya Awameses are recorded at the remount) Nov. 4 Sold merchandise Inventory on account to Teal Wholesalers, $17.000 that cool 5.600 Torme3/10/30 Begin by preparing e entry to surnate the sale portion of the transaction. Do not record the expense related to the same. We will do that in the following step Date Accounts Debit Credit humanitoronto any number in the input fields and then continue to the next question On November 4, 2018, Cook Company sold merchandise inventory on account to Teal Wholesalers $17.000, that cost $6.500 Terma 3/10, 1/30. On November 5, 2018, Teal Wholesalers paid shipping of $55. Tea Wholesalers paid the balance to Cook Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that we are recorded at the net amount) Read the Now joumalize the expense related to the November 4 sale-Cost of goods. 55,500 Date Accounts Debit Cred Nov. 4 Nov. 13. Teal Wholesaid the balance to Cook Company Date Accounts Det Credit Now 13 Choose from any list of enter any number in the input fields and then continue to the next question O On November 4, 2016. Cook Company sold merchandise inventory on account to Teal Wholesalers, 517.000 that cost $5.00 Terms 3/10./30. On November 62018. Teal Wholesalers paid shipping of 356. Teal Wholesalers paid the balance to Cook Company on November 13, 2018. (um both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the girements Requirement 1. Journal Teal Wholesaler's November transactions. Record debit first, then credits. Select the explanation on the last line of the Jumal entry table) Nov. 4: Purchased merchandise invertory on account from Cook Company for $17.000, terma 3/10, 1/30 Date Accounts Debit Credit Nov. 4 Requirements 1. Journal Teal Wholder's November transactions 2. Journal Cook Company's November transactions Nov. 5: Paid shipping of $55 Date Accounts Dore Now. 5 Nov. 13 Paid the balance to Cook Company On November 4, 2018. Cook Company sold merchandise inventory on account to Teal Wholesalers. $17.000, that cost $5.500. Terms 3/10./30. On November 8, 2018. Tee Wholesalers paid shipping of $56. Teal Wholesalers paid the balance to Cook Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that we recorded at the net amount.) Read the wirements Nov. 13: Paid the balance to Cook Company Date Accounts Debit Credit Nov. 13 Requirement 2. Joumaine Cook Company's November actions. (Record debent, the credits Select the explanation on the last line of the jumalaya Awameses are recorded at the remount) Nov. 4 Sold merchandise Inventory on account to Teal Wholesalers, $17.000 that cool 5.600 Torme3/10/30 Begin by preparing e entry to surnate the sale portion of the transaction. Do not record the expense related to the same. We will do that in the following step Date Accounts Debit Credit humanitoronto any number in the input fields and then continue to the next question On November 4, 2018, Cook Company sold merchandise inventory on account to Teal Wholesalers $17.000, that cost $6.500 Terma 3/10, 1/30. On November 5, 2018, Teal Wholesalers paid shipping of $55. Tea Wholesalers paid the balance to Cook Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that we are recorded at the net amount) Read the Now joumalize the expense related to the November 4 sale-Cost of goods. 55,500 Date Accounts Debit Cred Nov. 4 Nov. 13. Teal Wholesaid the balance to Cook Company Date Accounts Det Credit Now 13 Choose from any list of enter any number in the input fields and then continue to the next

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