P5-35A Journalizing purchase and sale transactions Learning Cbjectives 2, 3 ournalize the following transactions that occurred in November 2018 for Julia's Fun World. No explanations are needed. Idantify each accounts payable and accounts receivable with the vendor or customer name. Jullie's Fun World estimates sales retums at the end of each month Nov. 4 Purchased merchandise inventory 6Paid freight bil of $100 on November 4 purchase, 8 Returned haif t on November 4 from Vera Company. 10 Sold merchandise inventory for cash, $1,100. Cost of goods, $400. FOB destination 11 Sold merchandise inventory to Geary Corporation, $11.100, on account, terms of 2/10, WEOM. Cost of goods, $6,105. FOB shipping point. 12 Paid freight bill of $20 on November 10 sale. 13 Sold merchandise inventory to Caldwell Company, S9,500, on account, terms of n 45. Cost of goods, $5,225. FOB shipping poi. 14 Pald the amount owed on account from November 4, less retum and discount 17 Received defective inventory as a sales return from the November 13 sale, $500. Cost of goods, $275. 18 Purchased inventory of $3,800 on account from Rainman Corporation. Payment terns were 2/10, n/30, FOB destination. 20 Received cash from Geary Corporation, less discount 2 Paid amount owed on account from November 18, less discount. 28 Received cash from Caldwell Company, less return. 29 Purchased inventory from Sandra Corporation for cash, $12,300, FOB shipping point. Freight in paid to shipping company, $170 on account frem Vera Company. $5,000. Terms 3/10, nEOM, FOB shipping point he Inventory purchased