Sarasota Ltd$.$ distributes olive oil to grocery stores and restaurants. At the end of October, Sarasota's inventory consists of $145$ one$-$ litre bottles of olive oil purchased at $$15$ per litre. Sarasota uses a perpetual inventory system. Return rates in food industry are moderate, with Sarasota experiencing a $6\%$ return rate historically. During the month of November, the following merchandise transactions occurred: November $2$ Sold $110$ one$-$litre bottles of olive oil on account to Eatalia Grocery for $$30$ each, with an average cost of $$15.4$ Purchased $210$ bottles of olive oil for $$10$ each from Ambrosia Oleum, terms n$/30.8$ Purchased $210$ bottles on account for $$11$ each from EVOO, terms n$/30.10$ Granted Eatalia a $$150$ credit for five bottles of olive oil returned to Sarasota. The bottles were restored to inventory. $13$ Received a $$110$ credit for $10$ bottles of olive oil returned to EVOO. $14$ Sold $40$ bottles of olive oil on account to Mezes Restaurant for $$40$ each, with an average cost of $$11,$ terms $($n$)/(30).16$ Issued a $$120$ credit memorandum to Eatalia Grocery for the return of four bottles of olive oil. The bottles were not returned to inventory as it was past the best before date. $18$ Received payment in full from Eatalia Grocery. $24$ Paid EVOO in full. $26$ Received payment in full from Mezes. $30$ Sold $50$ bottles to La Bodega Grocery for $$26$ each, with an average cost of $$11,$ terms n$/30.$Record the November transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round your answers to $0$ decimal places, e$.$g$.5,275.$ Record journal entries in the order presented in the problem.$)$ Date Account Titles and Explanation Debit Credit $($To record sales$)($To record cost of goods sold$)($To record sales return$)($To record cost of inventory returned$)[($To record sales$)($To record cost of goods sold$)($To record sales return$)($To record cost of goods sold$)($To record sales$)($To record cost of goods sold$)$Record the November transactions. $($List all debit entries before credit entries. Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. Round your answers to $0$ decimal places, e$.$g$.5,275.$ Record journal

entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record sales$)$

$($To record cost of goods sold$)$