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Question 4 Prepare the entries for the transactions below for Brown Duck Co. Nov. 2 Brown Duck Co. purchased merchandise on account from Purple Chicken

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Question 4 Prepare the entries for the transactions below for Brown Duck Co. Nov. 2 Brown Duck Co. purchased merchandise on account from Purple Chicken Co. $9,000, terms 1/10,n/30. 6 Nov. 4 Brown Duck Co. sold merchandise on account of $6,000 to Green Cow Co., terms 2/10,n/30. The cost of the merchandise sold was $4,000. Nov. Brown Duck Co. received credit from Purple Chicken Co. for merchandise returned $500. Nov. 10 Brown Duck Co. paid Purple Chicken Co. the amount due. Nov. 12 Brown Duck Co. provided Green Cow Co. with $200 credit for merchandise returned from April 4 sale. The merchandise has an inventory value of $50. Nov. 13 Brown Duck Co. received cash for balance due from Green Cow Co, for April4 sale. Question 6 5 pts Jellyfish Company had a gross profit of $65,000 and Sales of $90,000. What was the cost of goods sold for Jellyfish Company? B IV AA- IX E E 31 1 XX, EE - ? Vx TT 12pt Paragraph

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