Paxton Variety Store had the following balances as of November 1: i (Click the icon to view the balances.) The following selected transactions occurred at Paxton Variety Store during the month of November: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Paxton's November transactions, including the cost of goods sold entries for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries.) November 3: Sold $500 of merchandise to Montague's Inc., which paid for the items in cash. The items cost Paxton $80. Do not record the cost of goods sold entry yet. We will do that in the next step. Date Nov 3 Journal Entry Accounts Debit Credit