Sold $250 of merchandise to Meador's Inc., which paid for the items in cash. The items cost Keefe $60. Do not record the cost of goods sold entry yet. We will do that in the next step.

More info More info November 3 Sold $250 of merchandise to Meador's Inc., which paid for the items in cash. The items cost Keefe $60. November 5 Sold $100 of merchandise to Lanning Co., which paid by credit card. The credit card company charges Keefe a fee of 1% on credit card sales. Keefe's cost of this merchandise was $75. 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. November 11 Sold $1,600 of merchandise to Ample Shoppes on account. Terms were 3/10, net 30 . Keefe's cost of this merchandise was $1,360. November 12 Sold $870 of merchandise to Bardot Ridge Inc., on account. Terms were 3/10, net 30 . Keefe's cost of this merchandise was $348. November 18 Woolley Creek reported that some of the merchandise received was in a different color than ordered so it returned $180 of the merchandise. The cost to Keefe was $72. November 20 Ample Shoppes paid the balance of what it owed for the purchase on November 11. November 22 Bardot Ridge inc., retumed $170 of the merchandise for a refund. Keefe's cost of the retumed merchandise was $68. November 22 Bardot Ridge Inc., paid the remaining balance owed for the purchase on November 12 . November 23 Sold $5,200 of merchandise to Coventry Co. on account. Terms were 3/10, net 30 . Keefe's cost of this merchandise was $2.080. Keefe Variety Store had the following balances as of November 1 : The following selected transactions occurred at Keefe Variety Store during the month of November: (Click the icon to view the balances.) (Click the icon to view the transactions.) Read the requirements. from any joumal entries.)