The flowing transactions for Bargain Tie, Inc. occurred during November (Click the icon to view the tamation) Requirements 1. Jumalize the transactions on the books of Bergen To Incassuming the net method is used 2. What was Bargain Tre, Inc.'s gous profit for the month of November Requirement 1. Journalize the ransactions on the book of Bargan Tre, Inc. assuming the ret memodis (Pecord de tot, then cress Exclude explanations from any omal entries Nov + Purchased $5.300 of mechanssa on account from Tre Warenouse. Tema. 1115. wes For shipping pont Tire Warehouse prepaid the $175 unpona cost and added the amount to the race Journal Entry Date Accounts Debe Credit Now 4 Nov 7. Purchased $100 of supplies on account from Paper Depot Terms 10.30 FOB destination Journal Entry Date Accounts Debit Credit NOM 7 Nov 9 Sold $1,100 (cost $425) of merchandise on account to P. Hasina Term. 215.45 FOS The following transactions for Bargain Tire, Inc. occurred during November Requirements Click the icon to viw the transactions) 1. Soumalize the transactions on the books of BargainTirethe assuming the net method is used 2 What was Bargaie Tire, ine's gross profit for the month of November? Nov 9. Sold 51.100 (cost 3425) of merchandise on account to P. Hankins Tems. 2/15, 145, FOO tation Begin by Journalizing the revenue from the sale of merchandise (Do not yet record the cost related to the sale. We will do internal entry) Journal Entry Date Accounts Debi Credit Now Now ournalist toode soldated to the sale of merchandise from November Journal Entry Accounts Date Debit Credit Nov Nov 11: Paid 565 freight charges to deliver goods to Pin Journal Entry The folowing transactions for Bargain Tire, Inc., occurred during November click me toon to view the transaction Requirements 1 Journaize the transactions on the books of Bargain Tire, Inc. suming the 'ner method is used 2. What was Bargain Tire, Inc. gross profit for the month of November? Nov 11: Paid 565 freight charges to deliver goods to P. Haskins Journal Entry Accounts Date Debit Credit Nov 11 Nov 13 Returned 5700 of the merchandise purchased on November 4 and received a credit Journal Entry Accounts Credit Nov 13 Date De Nov 15: Sold 5840 cost. 5475) of merchandise to cash customers Besin by oumalizing the revenue from the sale of merchandise. Do not yet record the controlled to the sale. We will do this in the tournal entry) The following transactions for Bargain Tire, Inc., occurred during November Click the loon to view the transactions) Requirements 1 Journalire e transactions on the books of Bargain Tire. In suming the method is used 2 What was Bargain Tre, Inc.'s gros proft for the month of November? Nov 15 Sold 6840 (cost. 54751 of merchandise to cash customers Begin by journalizing the revenue from the sale of merchandise. Do not yet record the cost related to the se. We will do this in the red journal entry) Journal Entry Date Accounts Debit Credit Now 15 Now journaize the cost of goods sold related to the sale of merchandstrom November 15, Journal Entry Accounts Date Debat Credit Now 15 Nov 16: Paid for the supplies purchased on November 7 The following transactions for Bargain Tire, Inc., occurred during November (Click the icon to view the transactions) Requirements 1. Journalize the transactions on the books of Bargain Tre, Inc. assuming the ret metod is used 2 What was Bargain Tre, Inc. 8 gross profit for month of November Nov 16 Paid for the supplies purchased on November 7 Journal Entry Accounts Date Debit Credit Nov 16 Nov 18: Pad Tire Warehouse the amount due from the November 4 purchase in Journal Entry Accounts Date Debit Credit Nov 18 Nov 20: P. Hasins remed $100 (oost $50 of merchandise from the November Start by recording the receivable adjustment portion of the merchandiseruumDo not yet record the inventory adjustment related to them. We will do that there many The following transactions for Bargain Tire, Inc., occurred during November Click the icon to view the transactions Requirements 1. Journalize the transactions on the books of Bagan Tire, Inc. assuming the hut method is used 2. What was Bargain Tiroine's gon profit for the month of November? Nov 20. P. Huskins rebumed $100 cost, $50) of merchandise from the November sale Start by roceeding the receivable adjustment portion of the merchandise retum. (Do not yet tucord the entry adjuntment led to retum. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit Nov 20 Now journalize the inventory adjustment portion of the merchandise rotum from November 20 Journal Entry Date Accounts Debit Credit Now 20 Nov 22: Purchased $4,100 of inventory Paidat E. The folowing transactions for Bargain Tire, Inc. occurred during November Click the icon to view the transactions Requirements 1. Journalize the transactions on the book of Bargain Treine, assuming the ret method is used 2 What was Bargain Trines gross profit for the month of November Nov 22. Purchased 54.100 of inventory Paid cash Journal Entry Data Accounts Nox 22 Debit Credit Nov 23 Received payment in from P. Hasis for the November Journal Entry Date Account Nov 23 Debit Credit Nov 30 The red liability for the month of November was ested to be $310. The cost of goods estimated to be returned 3155 Begin by journatting the labely portion of the entry. Do not yet record the asset portion of the entry. We wilderna foto) The following transactions for Bargain Tire, Inc., occurred during November Requirements (Click the icon to view the transactions) 1. Joumalize the tractions on the books of Bergantira, Inc., uning the notwendis sad 2 What was Bwgan Tire, le gross profit for the month of November? Nov 30: The refund liability for the month of November was estimated to be $310. The cost of goods estimated to be retumed was $155 Begin by Journalzing the ability portion of the entry. (Do not yet record the asset portion of the entry we will do that in the following Journal Entry Date Accounts Debit Credit Nov 30 Now Journal these adjustment portion of the estimated metams transaction: The cost of estimated to be turned was 5166 Journal Entry Date Accounts Debat Credit Noy 30 Requirement 2. What was Bargain Tire, Inc.'s gross profit for the month of November? and then enter them to determine Gross profit for the month The following transactions for Bargain Tire, Inc. occurred during November (Click the icon to view the transactions) Requirements 1. Journal theractions on the books of Bargain The Incassuring the rest method is used 2 What was Banyan Tre, Inc.'s groen profit for the month November? Date Accounts Debat Credit Nov 30 Now journalize the asset adjustment portion of the estimated retums transaction. The cost of goods estimated to be returned was $155 Journal Entry Date Accounts Debit Credit Nov 30 Requirement 2 What was Bargain Time, Inc.'s gross profit for the month of November? Begin by selecting the formula, and then enter the amounts to determine gross prole for the month Gross proft More Info Nov 4 Purchased $5,300 of merchandise on account from Tire Warehouse. Terms, 1/15, 1/45, FOB shipping point Tire Warehouse prepaid the $175 shipping cost and added the amount to the invoice. 7 Purchased $100 of supplies on account from Paper Depot. Terms, 4/10, 1/30, FOB destination. 9 Sold $1,100 (cost, $425) of merchandise on account to P. Haskins. Terms, 2/15, 1/45, FOB destination 11 Paid $65 freight charges to deliver goods to P. Haskins. 13 Returned $700 of the merchandise purchased on November 4 and received a credit. 15 Sold $840 (cost, $475) of merchandise to cash customers. 16 Paid for the supplies purchased on November 7. 18 Paid Tire Warehouse the amount due from the November 4 purchase in full. 20 P. Haskins returned $100 (cost, $50) of merchandise from the November 9 sale. 22 Purchased $4,100 of inventory, Paid cash. 23 Received payment in full from P. Haskins for the November 9 sale 30 The refund liability for the month of November was estimated to be $310. The cost of goods estimated to be returned was $155. Print Done fc The flowing transactions for Bargain Tie, Inc. occurred during November (Click the icon to view the tamation) Requirements 1. Jumalize the transactions on the books of Bergen To Incassuming the net method is used 2. What was Bargain Tre, Inc.'s gous profit for the month of November Requirement 1. Journalize the ransactions on the book of Bargan Tre, Inc. assuming the ret memodis (Pecord de tot, then cress Exclude explanations from any omal entries Nov + Purchased $5.300 of mechanssa on account from Tre Warenouse. Tema. 1115. wes For shipping pont Tire Warehouse prepaid the $175 unpona cost and added the amount to the race Journal Entry Date Accounts Debe Credit Now 4 Nov 7. Purchased $100 of supplies on account from Paper Depot Terms 10.30 FOB destination Journal Entry Date Accounts Debit Credit NOM 7 Nov 9 Sold $1,100 (cost $425) of merchandise on account to P. Hasina Term. 215.45 FOS The following transactions for Bargain Tire, Inc. occurred during November Requirements Click the icon to viw the transactions) 1. Soumalize the transactions on the books of BargainTirethe assuming the net method is used 2 What was Bargaie Tire, ine's gross profit for the month of November? Nov 9. Sold 51.100 (cost 3425) of merchandise on account to P. Hankins Tems. 2/15, 145, FOO tation Begin by Journalizing the revenue from the sale of merchandise (Do not yet record the cost related to the sale. We will do internal entry) Journal Entry Date Accounts Debi Credit Now Now ournalist toode soldated to the sale of merchandise from November Journal Entry Accounts Date Debit Credit Nov Nov 11: Paid 565 freight charges to deliver goods to Pin Journal Entry The folowing transactions for Bargain Tire, Inc., occurred during November click me toon to view the transaction Requirements 1 Journaize the transactions on the books of Bargain Tire, Inc. suming the 'ner method is used 2. What was Bargain Tire, Inc. gross profit for the month of November? Nov 11: Paid 565 freight charges to deliver goods to P. Haskins Journal Entry Accounts Date Debit Credit Nov 11 Nov 13 Returned 5700 of the merchandise purchased on November 4 and received a credit Journal Entry Accounts Credit Nov 13 Date De Nov 15: Sold 5840 cost. 5475) of merchandise to cash customers Besin by oumalizing the revenue from the sale of merchandise. Do not yet record the controlled to the sale. We will do this in the tournal entry) The following transactions for Bargain Tire, Inc., occurred during November Click the loon to view the transactions) Requirements 1 Journalire e transactions on the books of Bargain Tire. In suming the method is used 2 What was Bargain Tre, Inc.'s gros proft for the month of November? Nov 15 Sold 6840 (cost. 54751 of merchandise to cash customers Begin by journalizing the revenue from the sale of merchandise. Do not yet record the cost related to the se. We will do this in the red journal entry) Journal Entry Date Accounts Debit Credit Now 15 Now journaize the cost of goods sold related to the sale of merchandstrom November 15, Journal Entry Accounts Date Debat Credit Now 15 Nov 16: Paid for the supplies purchased on November 7 The following transactions for Bargain Tire, Inc., occurred during November (Click the icon to view the transactions) Requirements 1. Journalize the transactions on the books of Bargain Tre, Inc. assuming the ret metod is used 2 What was Bargain Tre, Inc. 8 gross profit for month of November Nov 16 Paid for the supplies purchased on November 7 Journal Entry Accounts Date Debit Credit Nov 16 Nov 18: Pad Tire Warehouse the amount due from the November 4 purchase in Journal Entry Accounts Date Debit Credit Nov 18 Nov 20: P. Hasins remed $100 (oost $50 of merchandise from the November Start by recording the receivable adjustment portion of the merchandiseruumDo not yet record the inventory adjustment related to them. We will do that there many The following transactions for Bargain Tire, Inc., occurred during November Click the icon to view the transactions Requirements 1. Journalize the transactions on the books of Bagan Tire, Inc. assuming the hut method is used 2. What was Bargain Tiroine's gon profit for the month of November? Nov 20. P. Huskins rebumed $100 cost, $50) of merchandise from the November sale Start by roceeding the receivable adjustment portion of the merchandise retum. (Do not yet tucord the entry adjuntment led to retum. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit Nov 20 Now journalize the inventory adjustment portion of the merchandise rotum from November 20 Journal Entry Date Accounts Debit Credit Now 20 Nov 22: Purchased $4,100 of inventory Paidat E. The folowing transactions for Bargain Tire, Inc. occurred during November Click the icon to view the transactions Requirements 1. Journalize the transactions on the book of Bargain Treine, assuming the ret method is used 2 What was Bargain Trines gross profit for the month of November Nov 22. Purchased 54.100 of inventory Paid cash Journal Entry Data Accounts Nox 22 Debit Credit Nov 23 Received payment in from P. Hasis for the November Journal Entry Date Account Nov 23 Debit Credit Nov 30 The red liability for the month of November was ested to be $310. The cost of goods estimated to be returned 3155 Begin by journatting the labely portion of the entry. Do not yet record the asset portion of the entry. We wilderna foto) The following transactions for Bargain Tire, Inc., occurred during November Requirements (Click the icon to view the transactions) 1. Joumalize the tractions on the books of Bergantira, Inc., uning the notwendis sad 2 What was Bwgan Tire, le gross profit for the month of November? Nov 30: The refund liability for the month of November was estimated to be $310. The cost of goods estimated to be retumed was $155 Begin by Journalzing the ability portion of the entry. (Do not yet record the asset portion of the entry we will do that in the following Journal Entry Date Accounts Debit Credit Nov 30 Now Journal these adjustment portion of the estimated metams transaction: The cost of estimated to be turned was 5166 Journal Entry Date Accounts Debat Credit Noy 30 Requirement 2. What was Bargain Tire, Inc.'s gross profit for the month of November? and then enter them to determine Gross profit for the month The following transactions for Bargain Tire, Inc. occurred during November (Click the icon to view the transactions) Requirements 1. Journal theractions on the books of Bargain The Incassuring the rest method is used 2 What was Banyan Tre, Inc.'s groen profit for the month November? Date Accounts Debat Credit Nov 30 Now journalize the asset adjustment portion of the estimated retums transaction. The cost of goods estimated to be returned was $155 Journal Entry Date Accounts Debit Credit Nov 30 Requirement 2 What was Bargain Time, Inc.'s gross profit for the month of November? Begin by selecting the formula, and then enter the amounts to determine gross prole for the month Gross proft More Info Nov 4 Purchased $5,300 of merchandise on account from Tire Warehouse. Terms, 1/15, 1/45, FOB shipping point Tire Warehouse prepaid the $175 shipping cost and added the amount to the invoice. 7 Purchased $100 of supplies on account from Paper Depot. Terms, 4/10, 1/30, FOB destination. 9 Sold $1,100 (cost, $425) of merchandise on account to P. Haskins. Terms, 2/15, 1/45, FOB destination 11 Paid $65 freight charges to deliver goods to P. Haskins. 13 Returned $700 of the merchandise purchased on November 4 and received a credit. 15 Sold $840 (cost, $475) of merchandise to cash customers. 16 Paid for the supplies purchased on November 7. 18 Paid Tire Warehouse the amount due from the November 4 purchase in full. 20 P. Haskins returned $100 (cost, $50) of merchandise from the November 9 sale. 22 Purchased $4,100 of inventory, Paid cash. 23 Received payment in full from P. Haskins for the November 9 sale 30 The refund liability for the month of November was estimated to be $310. The cost of goods estimated to be returned was $155. Print Done fc