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 Tire, Inc. assuming the "net" method is used. " What was Ramain Tire Inn 'e nrnee nenfit for the month of November Requirement 1. Journalize the transactions on the books of Bargain Tire, Inc. assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Nov 4: Purchased $5,700 of merchandise on account from Firerock Tire. Terms, 2/15, n/45, FOB shipping point. Firerock Tire prepaid the $450 shipping cost and added the amount to the invoice. Journal Entry Date Nov Accounts Debit Credit Nov 7: Purchased $200 of supplies on account from Staples Depot. Terms, 3/10, n/30, FOB destination. Journal Entry Date Accounts Nov 7 Debit Credit Nov 9: Sold $1,800 (cost, $500) of merchandise on account to A. Right. Terms, 2/15, 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.) Journal Entry Debit Credit