P5-35A (similar to) A Question Help Journalize the following transactions that occurred in November 2018 for Colden's Awesome Park, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Colden's Awesome Park estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Nov. 4: Purchased merchandise inventory on account from Vavoom Company, $8,000. Terms 1/10, n/EOM, FOB shipping point. Date Accounts Debit Credit Nov. 4 Choose from any list or enter any number in the input fields and then click Check Answer. 18 parts Clear All Check Answer remaining More Info . X Nov. 4 Purchased merchandise inventory on account from Vavoom Company, $8,000 Terms 1/10,n/EOM, FOB shipping point. 6 Paid freight bill of $120 on November 4 purchase. 8 Returned half of the inventory purchased on November 4 from Vavoom Company. 10 Sold merchandise inventory for cash, $2,000. Cost of goods, $800. FOB destination 11 Sold merchandise inventory to Garfunkel Corporation, $10,300, on account, terms 2/10, n/EOM. Cost of goods, $5,150. FOB shipping point. 12 Paid freight bill of $60 on November 10 sale. 13 Sold merchandise inventory to Cale Company, $8,900 on account, terms of n/45. Cost of goods, $4.450. FOB shipping point. 14 Paid the amount owed on account from November 4, less return and discount. 17 Received defective inventory as a sales return from the November 13 sale, $200. Cost of goods, $100. 18 Purchased inventory of $4,200 on account from Regan Corporation. Payment terms were 1/10, n/30, FOB destination. 20 Received cash from Garfunkel Corporation, less discount. 26 Paid amount owed on account from November 18, less discount. 28 Received cash from Cale Company, less return. 29 Purchased inventory from Shanley Corporation for cash, $11,700, FOB shipping point. Freight in paid to shipping company, $180. Print Done