-o Suppose Rainforest.com sols 1.500 books on account for $14 each cost of these books is $12.000) on October 10, 2018 to Express Laming One hundred of these books (840) were damaged in shipment, so Rantore.com received the damaged goods from Express Learning as sales return on October 13, 2018. (Assume both companies use a perpetas inventory wystem and that was recorded the net amount) Read the recents Requirement 1. Jourratze Express Leaming's October 2018 transactions. Recorders frut, the credits. Exclude explanations from ouralnie) Od 10 Express Leaming purchased 1,500 books on account for S14 each from Rainforest.com. Date Accounts Debat Crede Oct 10 Merchandise Inventory Accounts Payable Requirements 1. Jour Express Learning's October 2018 transactions 2. Jouma Rainforest.com October 2018 ans. The company estimates returns at the end of each month Oct. 13: Express Learning returned one hundred books damaged in shipmd Date Accounts Oct 13 Accounts Payable Merchandise Inventory Done Requirement 2. Journal Rainforest.com's October 2016 transactions. The company estimate returns at the end of each month Records, there explorations from ournals Oct 10 The sale of 1.500 books on account for 14 each cost of these book is $12.000) to press Learning Begin by preparing the entry to make the sole portion of the transaction. Do not record the expense related to the sale. We will do that in the following Choose from any or enter any number in the input fields and then continue to the next question Suppose Rainforest.com 1.500 books on account for $14 each cost of these books is $12.000) on October 10, 2018 to Express Leaming. One hundred of these books (0) were damaged in shipments Rainforest.com received the damaged goods from Express Learning as sales returns on October 13, 2018 Acure both companies a perpetual inventory system and that are recorded at the net amount) Read the Date Accounts Debut Credit Oct 10 Now me the expense related to the October 10 sale Date Accounts De Credit Oct 10 Oct 13: Express Learning returned one hundred books cost $640) damaged in shipment Start by preparing the entry to record the sales retum. Do not update the Merchandise Inventory with this entry. We will do that in the following up Account Debit Cr Oct 13 Choose from any list or enter any number in the input folds and then continue to the next question Suppose Rainforest.com sels 1,500 books on account for $14 each cost of these books is $12.000) on October 10, 2018 to Express Leaming. One hundred of these books (oost $340) were damaged in smert, so Rainforest.com later received the damaged goods from Express Learning as a returns on October 13, 2018 Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the ordement Oct. 13. Express Leaming returned one hundred books cost $840) damaged in shipment Start by preparing the entry to record the sales rebum. Do not update the Merchandise Inventory with this entry. We wil do that in the following step Date Accounts Det Credit Oct 13 Now prepare the entry to update the Merchandise Inventory account for Date Accounts cost of the remed merchandise Det Credit Oct 13 Choose from any list or enter any number in the input fields and then continue to the next