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On November 4 , Cave Company sold merchandise inventory on account to Tame Wholesalers , $ 1 3 , 5 0 0 , that cost

On November 4, Cave Company sold merchandise inventory on account to Tame Wholesalers, $ 13,500, that cost $ 5,200. Terms 2/10 comma n/30. On November 5, Tame Wholesalers paid shipping of $ 45. Tame Wholesalers paid the balance to Cave Company on November 13.(Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.)
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Part 1
Requirement 1. Journalize Tame Wholesaler's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.)
Nov. 4: Purchased merchandise inventory on account from Cave Company for $ 13,500, terms 2/10 n/30.

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