Sold $1,500 of merchandise to Woolley Creek on account. Terms were 3/10, net 30. Keefe's cost of this merchandise was $650. Do not record the cost of goods sold entry yet. We will do that in the next step.

Requirements 1. Record Keefe's November transactions, including the cost of goods sold entries for each sale. 2. Calculate the net realizable value of accounts receivable as of November 30 . More info More info November 10: Sold $1,500 of merchandise to Woolley Creek on account. Terms were 3/10, net 30 . Keefe's cost of this merchandise was $650. Do not record the cost of goods sold entry yet. We will do that in the next step. Requirements 1. Record Keefe's November transactions, including the cost of goods sold entries for each sale. 2. Calculate the net realizable value of accounts receivable as of November 30 . More info More info November 10: Sold $1,500 of merchandise to Woolley Creek on account. Terms were 3/10, net 30 . Keefe's cost of this merchandise was $650. Do not record the cost of goods sold entry yet. We will do that in the next step