On November 4, 2018, Coop Company sold merchandise inventory on account to Time Wholesalers, $16,000, that cost $5,700. Terms 1/10, n/30. On November 5, 2018, Time Wholesalers paid shipping of $75. Time Wholesalers paid the balance to Coop Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.) Read the requirements Requirement 1. Journalize Time Wholesaler's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Nov. 4: Purchased merchandise inventory on account from Coop Company for $16,000, terms 1/10, n/30. Date Accounts Debit Credit Nov. 4 Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check Answer - i Requirements X 1. Journalize Time Wholesaler's November transactions. 2. Journalize Coop Company's November transactions. Print Done