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Menard Variety Store had the following balances as of November 1: (i) (Click the icon to view the balances.) The following selected transactions occurred at Menard Variety Store during the month of November: (Click the icon to view the transactions.) Read the requirements. journal entries.) November 3: Sold $350 of merchandise to Manzo's Inc., which paid for the items in cash. The items cost Menard $90. Do not record the cost of goods sold entry yet. We will do that in the next step. More info Accounts Receivable $4,900 Allowance for Uncollectible Accounts $340 credit balance November 22 Barista Creek Inc., paid the remaining balance owed for the purchase on November 12. November 23 Sold $4,700 of merchandise to Cambridge Co. on account. Terms were 4/10, net 30 . Menard's cost of this merchandise was $1,880. November 25 Wisteria Creek paid the balance of what it owed for the purchase on November 10. November 26 Discovered that Eastlake Enterprises, a customer owing $200 from a July transaction, declared bankruptcy and there is no chance of collection. Wrote off the balance of Eastlake's account. November 27 Sold $200 of merchandise to Daines's One-Stop-Shop on account. Terms were 4/10, net 30. Menard's cost of this merchandise was $60. November 1-30 Sales on account during the month of November for transactions not listed individually totaled $7,400. Cost of goods sold for these sales totaled $2,960. November 1-30 Credit card sales on account during the month of November for transactions not listed individually totaled $2,800. The credit card company charges Menard a fee of 4% on credit card sales. Cost of goods sold for these sales totaled \$950. sales. Cost of goods sold for these sales totaled $950. November 1-30 Cash collections on account during the month of November for transactions not listed individually totaled $4,700. (No discounts were taken by these customers.) November 30 Menard made the adjusting entries for the month to accrue for estimated future returns. Menard estimates that 4% of total sales will be returned. Menard assumes that cost of goods sold is 10% of sales. November 30 Menard made an adjusting entry to estimate uncollectible account expense for the month of November. Menard estimates its uncollectible-account expense as 4% of total credit (on account) sales for the month