On November 23, 2018, Coconut Co. purchased a shipment of fresh coconuts from their supplier Pad Thai Co. The invoice terms were as follows: $5,000, 3/10,n/30, FOB Shipping. On November 26, 2018, freight of $300 was paid in cash. Coconut Co. utilizes a periodic inventory system. Pad Thai Co. utilizes a perpetual inventory system. What entry is required for Coconut Co. on November 26th, 20187 O Debit Freight-in Expense $300, Credit Cash $300 Debit Inventory $300, Credit Cash $300 No entry required. Debit Freight-Out Expense $300, Credit Cash $300 On November 23, 2018, Coconut Co. purchased a shipment of fresh coconuts from their supplier Pad Th $300 was paid in cash. Coconut Co. utilizes a periodic inventory system. Pad Thai Co, utilizes a perpetua Debit Freight-In Expense $300, Credit Cash $300 O Debit Inventory $300, Credit Cash $300 O No entry required. O Debit Freight-Out Expense $300, Credit Cash $300 s from their supplier Pad Thai Co. The invoice terms were as follows: $5,000, 3/10,n/30, FOB Shipping. On November 26, 2018, freight of Thai Co. utilizes a perpetual inventory system. What entry is required for Coconut Co. on November 26th, 2018? On November 23, 2018, Coconut Co. purchased a shipment of fresh coconuts from their supplier Pad Thai Co. The invoice terms were as follows: $5,000, 3/10, 1/30, FOB Shipping. On November 26, 2018, freight of 5300 was pined in cash. Coconut Co utilizes a periodic inventory system. Pad Thai Co. utilizes a perpetual inventory system. If the invoice is paid off on November 30th, 2018, what entry is required for Pad Thai Co.? Debit Accounts Payable 55,000 Credit Inventory $150, Credit Cash $4,850 Debit Cash 4850, Debit Sales Discounts $150. Credit Accounts Receivable $5000. Debit Cach 55.000 Credit Accounts Receivable 55,000 DetCash Debit Sales Return & Allowances $150, Credit Accounts Receivable $5000 On November 23, 2018, Coconut Co. purchased a shipment of fresh coconuts from their supplier Pad Thai Co. The invoie $300 was paid in cash. Coconut Co. utilizes a periodic inventory system. Pad Thai Co. utilizes a perpetual inventory syste O Debit Accounts Payable $5,000, Credit Inventory $150, Credit Cash $4,850. O Debit Cash $4,850, Debit Sales Discounts $150, Credit Accounts Receivable $5000. O Debit Cash $5,000, Credit Accounts Receivable $5,000. O Debit Cash $4,850, Debit Sales Return & Allowances $150, Credit Accounts Receivable $5000 mipment of fresh coconuts from their supplier Pad Thai Co. The invoice terms were as follows: $5,000, 3/10,n/30, FOB Shipping. On November 26, 2018, freight of Bic inventory system. Pad Thai Co, utilizes a perpetual inventory system. If the invoice is paid off on November 30th, 2018, what entry is required for Pad Thai Co.? tory 5150, Credit Cash $4,850. 150, Credit Accounts Receivable $5000. able $5,000 Allowances $150, Credit Accounts Receivable $5000