On November 4, Cave Company sold merchandise inventory on account to Train Wholesalers. $15.500, that cost $4,000 Terms 3/10, n/30. On November 5 Train Wholesalers paid shipping of $65 Tran Wholesalers paid the ban mount) Cave Company on November 13. (Assume both companies use a perpetual inventory system and that sales are reconded at t Read the grement Requirement 1. Joumakze Train Wholesaler's November transactions (Record debts first, then credts Select the explanation on the le P Nov. 4: Purchased merchandise inventory on account from Cave Company for $15,500, terms 3/10/30 Date Accounts Debit Credit Nov 5 Paid shipping of 505 Date Accounts Debt Cred NVS Nov 13 Pad the balance to Cave Company Date Calculator Accounts Debi Cred of the joumal entry table) Next On November 4, Cave Company sold merchandise inventory on account to Train Wholesalers, $15,500, that cost $4,000 Terms 3/10 n/30. On November 5. Train Wholesalers paid shipping of $65. Train Wholesalers paid the bo Cave Company on November 13 (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.) Read the requirements Nov. 13: Paid the balance to Cave Company Date Ni 13 Accounts Debit Credit Requirement 2. Joumalize Cave Company's November transactions (Record debts first, then credits Select the explanation on the last line of the joumal y te Assumes are recorded at the amount Nov. 4 Gold merchandise inventory on account to Train Wholesalers, $15,500. that cost $4.900. Tema 3/10/30 Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do Date Nov 4 Now journalize the expense related to the November 4 sale-Cost of goods. $4,500 Calculator Deb Cred MacBook Ar Next On November 4. Cave Company sold merchandise inventory on account to Train Wholesalers, $15.500, that cost $4,900. Terms 3/10 n/30. On November 5, Train Wholesalers paid shipping of $65 Train Wholesalers paid the heen to Cave Company on November 13. (Assume both companies use a perpetual inventory s Read the requirements Now joumalize the expense related to the November 4 sale-Cost of goods, $4.000 Date Nov 4 Accounts Nov. 13 Train Wholesalers paid the balance to Cave Company Date Nov 13 Calculator Accounts Deb Credit Debit Cred IT Next