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On November 4, Cool Company told merchandise inventory on account to Tulia Wholesalers $16.000, that cost $5.000. Terms 5/10, 1/30. On November 5. Tulia Wholesale

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On November 4, Cool Company told merchandise inventory on account to Tulia Wholesalers $16.000, that cost $5.000. Terms 5/10, 1/30. On November 5. Tulia Wholesale paid shipping of $75. Tuis Wholesaid to be Company on November 13. Assume both companies use a perpetual eventory system and that is recorded at the net amount) Read the outs Requirement 1. Joumatze Tia Wholer' November transaction (Record des fint, then credits Select the explanation on the last line of the joumal entry table) Nov. 4: Purchased merchandise inventory on account from Cool Company for $16,000, torms 5/10, 1/30 Date Accounts Requirements Debit Credit No 4 Joule Ta Wholesalers November transaction 2. Jouw Cool Company's November transactions Print Done Nov. Paid shipping of 575 De Accounts Debih Credit Now 5 Now. 13: Paid the balance to Cool Company Data Accounts Det Credit Choose from a toronto any number in the input fields and then continue to the next question On November 4. Cool Company sold merchandise inventory on account to Tulia Wholesalers. $16,000, that cost 55.600. Terms 5/10,n/30. On November 5, Tulia Wholesalers paid shipping of 575 Company on November 13. Assume both companies use a perpetual Inventory system and that sales are recorded at the not amount) Read the requirements Date Accounts Debat Credit Nov 5 Nov. 13. Paid the balance to Cool Company Date Accounts Debut Credit Nov 13 Requirement 2. Journalze Cool Company's November transactions.(Record debits first, the credits Select the explanation on the last line of a yumal entry table Asume sales are recorded at the Nov. 4: Sold merchandise inventory on account to Tula Wholesalers, $16.000, that cost $6.000. Toms 5/10,6/30 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 that in the following stop Date Accounts Credit Debit Choose from any list or enter any number in the input fields and then continue to the next question On November 4, Cool Company sold merchandise inventory on account to Tulia Wholesalers, 516,000, that cost 55,600. Terms 5/10,n/30. On November 5, Tha Wholesalers paid shipping Company on November 13. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount) Read the requirements Requirement 2. Journalize Cool Company's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry tabin. Assume sales are moon Nov. 4, Sold merchandise Inventory on account to Tulia Wholesalers, 516,000, that cost $5,600. Terms 5/10,6/30 Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step Accounts Debit Credit Nov 4 Date Now journalize the expense related to the November 4 sale--Cost of goods, $5.600 Date Accounts Debit Credit Nov. 4 Nov. 13. Tulia Wholesalers paid the balance to Cool Company Choose from any list or enter any number in the input fields and then continue to the next question Read the requirements Now journalize the expense related to the November 4 sale cost of goods, $5,600 Date Accounts Debit Credit Nov. 4 Nov. 13. Tuli Wholesalers paid the balance to Cool Company Date Accounts Debit Credit Now, 13 Choose from any fat or enterary number in the input fields and then continue to the next

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