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Question 21 Journalized the following transactions that occurred in November 2019 for Julie's Fun World. No explanations needed. Identify each accounts payable and accounts receivable
Question 21 Journalized the following transactions that occurred in November 2019 for Julie's Fun World. No explanations needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Date Transactions Nov. 4 Purchased merchandise inventory on account from Vera Company, $6,000. Terms 2/10, n/EOM, FOB shipping point. (2 points) Nov. 6 Paid freight bill of $150 on November 4 purchased. (2points) Nov. 8 Returned half the inventory purchased on November 4 from Vera Company. (2 points) Nov. 10 Sold merchandise inventory to Geary Corporation, $12,500, on account, terms of 3/12, n/EOM. Cost of goods, $6,200. FOB shipping point. (4 points) Nov. 14 Paid the amount owed on account from Nov. 4, less return and discount. (3 points) Nov. 18 Received cash from Geary Corporation, less discount. (3 points)
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