November 3 Sold $240 of merchandise to Marton's Inc., which paid for the Mama in cash. The itama con Colby $90. November 5 Sold $700 of merchandise to Lomell Co., which paid by credit card. The credit card company charges Colby a fee of 4% on credit card sales. Colby's cost of this merchandise was $120. November 10 Sold $1,200 of merchandise to Woolley Creek on account. Terms were 3/10, net 30. Colbys cost of this merchandise was $450. November 11 Sold $1,800 of merchandise to Aberie Shoppes on account Terms were 3/10, net 30. Colby's cost of this merchandise was $1,010 November 12 Sold $880 of merchandise to Bali River Inc., on account. Terms were 3/10, net 30. Colby's cost of this merchandise was $352 November 18 Woolley Creek reported that some of the merchandise received was in a different color than ordered so it returned $120 of the merchandise. The cost to Colby was $48. November 20 Aberle Shoppes paid the balance of what it owed for the purchase on November 11. November 22 Ball River Inc., returned $180 of the merchandise for a refund. Colby's cost of the returned merchandise was $72. November 22 Bali River Inc., paid the remaining balance owed for the purchase on November 12 November 23 Sold $5,500 of merchandise to Capanda Co. on account. Terms were 3/10, net 30. Colby's cost of this merchandise was $2,200 November 25 Woolley Creek paid the balance of what it owed for the purchase on November 10. November 26 Discovered that Eldon Enterprises, a customer owing $100 from a July transaction, declared bankruptcy and there is no chance of collection. Wrote off the balance of Eldon's account. November 27 Sold $300 of merchandise to Darius's One-Stop-Shop on account. Terms were 3/10.net 30. Colby's cost of this merchandise was $90 November 1-30 Sales on account during the month of November for transactions not listed individually totaled $7.100. Cost of goods sold for these sales totaled $2.840. November 1-30 Credit card sales on account during the month of November for transactions not listed individually totaled $2,700. The credit card company charges Colby a fee of 4% on credit card sales. Cost of goods sold for these sales totaled $910. November 1-30 Cash collections on account during the month of November for transactions not listed individually totaled $4.700. (No discounts were taken by these customers.) November 30 Colby made the adjusting entries for the month to accrue for estimated future returns. Colby estimates that 4% of total sales will be retumed. Colby assumes that cost of goods sold is 30% of sales Read the requirements. i More Info - X stin . Accounts Receivable $5,200 Allowance for Uncollectible Accounts $400 Print Done counts receivable as of November 30. ovember 30 is $ ut fields and then continue to the next question, 30 Requirement 2. Calculate the net realizable value of accounts receivable as of November 30, The net realizable value of accounts receivable as of November 30 is $ Choose from any list or enter any number in the input fields and then continue to the next question. o Colby Variety Store had the following balances as of November 13 The following selected transactions occurred at Colby Variety Store during the month of Noyember Click the icon to view the balances) Click the icon to view the transactions) Read the regulaments Requirement 1. Record Colby's November transactions, including the cost of goods told entries for each sale. (Use the grous method to record the sales transactions. Record debita fint, then credits. Exclude explanations from any journal entries) November 3: Sold $240 of merchandise to Murton's Inc., which paid for the items in cash. The items cost Colby $a0. Do not record the cost of goods sold entry yet. We will do that in the next step Journal Entry Accounts Date Nov Debit Credit Now record the cost of goods sold for the sale of merchandise on November 3 Journal Entry Date Accounts Nov Debit Credit Choose from any list or enter any number in the input fields and then continue to the next stinn