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On November 1, Brotherhood Footwear Limited started Footwear Business. The company uses a perpetual inventory system. During November, the following transactions and events occurred. Instructions:

On November 1, Brotherhood Footwear Limited started Footwear Business. The company uses a perpetual inventory system. During November, the following transactions and events occurred.

Instructions: Journalize the transactions in the following table for the month of November for Brotherhood Footwear Limited using a perpetual inventory system. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 5 Purchased shoes, sandals and other inventory on account from Topford Co. $1500, FOB shipping point, terms 2/10, n/60. The appropriate party also made a cash payment of $270 for the freight on this date.

Account to be debited is

unanswered

Amount is $ ________

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Account to be credited is (higher of the two amount)

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Amount is $ ________

unanswered

Account to be credited is (lower of the two amount)

unanswered

Amount is $ ________

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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 10 Received credit from Topford Co. for merchandise returned $300.

Account to be debited is

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Amount is $ ________

unanswered

Account to be credited is

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Amount is $ ________

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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 14 Paid Topford Co. in full.

Account to be debited is

unanswered

Amount is $ ________

unanswered

Account to be credited is (higher of the two amount)

unanswered

Amount is $ ________

unanswered

Account to be credited is (lower of the two accounts)

unanswered

Amount is $ ________

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