Question 7 (35 points) Prepare journal entries for November 2014 to record the following transactions for United Corporation Assume perpetua inventory wystam Enter the transaction letter as the description when preparing a joumatonley, When radion requires two separate eles, et torbe description Distan in the format ddimmm de 15 Jan) a: November : United Corporation's merchandise was sold to Alarcone for $8.800 cash The have coat 57040 November 7: United Corporation's merchandise was sold to Cartha 600 under Cream of 9/15, 90, Fon shipping point the cost of the November United Corporation solid merchandise that cout 50.000 XYZ Corporation for $1,700 under credo, O d. November 10: Received Callaho inc's payment of the amount ou from the November 6. November 20: XYZ Corporation requested a price reduction on the November Ostbause the merchandise do meu cant corpo to resolve the 1 November 20 Rocolved the balance due from XY Corporation for the sale in November Please use the and button to change the number of account necessary for humanity NO Cash - Cost Of Coasted Marchandise in 700 3800 Prepare journal entries for November 2014 to record the following transactions for United Corporation Aumenty Enter the transaction letter as the description when preparing a joumalanty When transactions were out to in the format didinimo 15 an) November 5 United Corporation's merchandise was to Alarco Inc. for $1.000 cash Thanhcout 7,040 November 7: Uvied Corporation's marchandise was told to Catho Inc. for $9.500 under Creditref 2/1 Folloing part the cost of the c. November United Corporation sold merchandise that cout 56,060 10 XY Corporation for S. 700 under creditum of 3/16 FOs on poort d. November 10 Received Callaho Inc.'s payment of the amount duo from the November 7 sale November 26: XYZ Corporation requested a prion reduction on the Novembar sal because the merchandise did not meet Set XYZona comer H30 to resolve the issue 1 November 28: Received the balance due from XYZ Corporation for the sale dated November