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Required information [ The following information applies to the questions displayed below. ] At the beginning of November, Yoshi Inc. ' s inventory consists of

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Required information
[The following information applies to the questions displayed below.]
At the beginning of November, Yoshi Inc.'s inventory consists of 59 units with a cost per unit of $95. The following transactions occur during the month of November.
November 2 Purchase 100 units of inventory on account from Toad Inc. for $100 per unit, terms 210,n30.
November 3 Pay cash for freight charges related to the November 2 purchase, $300
November 9 Return 25 defective units from the November 2 purchase and receive credit.
November 11 Pay Toad Inc. in full.
November 16 Sell 100 units of inventory to customers on account, $13,900.
[Hint: The cost of units sold from the November 2 purchase
includes $100 unit cost plus $4 per unit for freight less $2 per unit for the purchase discount, or $102 per unit.]
November 20 Receive full payment from customers related to the sale on November 16.
November 21 Purchase 69 units of inventory from Toad Inc. for $105 per unit, terms 110,n30.
November 24 Sell 90 units of inventory to customers for cash, $9,000.
Required:
Assuming that Yoshi Inc. uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
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Record purchase of 100 units of inventory on account from Toad Inc. for $100 per unit, terms 210,n30.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[\table[[November],[02]],,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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