Requirement 1. Joumalize the transactions on the books of Bestbuy Tire, Inc. assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Nov 4: Purchased $5,100 of merchandise on account from Brown's Tire. Terms, 4/15, n/45, FOB shipping point. Brown's Tire prepaid the $200 shipping cost and added the amount to the invoice. Journal Entry Date Accounts Debit Credit Nov A Nov 7: Purchased $500 of supplies on account from Office Maxx. Terms, 2/10, n/30, FOB destination Date Nov 7 Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Nov 7: Purchased $500 of supplies on account from Office Maxx. Terms, 2/10, n/30, FOB destination. Journal Entry Date Accounts Nov 7 OS S:/ Debit Credit Nov 9: Sold $1,400 (cost. $400) of merchandise on account to E. Beavens. Terms, 1/15, n/45, FOB destination. Begin by journalizing the revenue from the sale of merchandise. (Do not yet record the cost related to the sale. We will do this in the next journal entry.) Date Nov 9 Journal Entry Accounts Debit Credit Now journalize the cost of goods sold related to the sale of merchandise from November 9. Journal Entry es win Date Nov 6 Accounts rep Nov 11: Paid $65 freight charges to deliver goods to E. Beavens. W.S Date ps Nov 11 OS: Journal Entry Accounts Debit Credit Debit Credit e-3 Choose from any list or enter any number in the input fields and then continue to the next quest adiu ov 11: Paid $65 freight charges to deliver goods to E. Beavens. Journal Entry Date Accounts Nov 11 Debit Credit Nov 13: Returned $1,100 of the merchandise purchased on November 4 and received a credit. Journal Entry Date Accounts Nov 13 Debit Credit