1. (Csck the icon to view the transactions.) (Record debls fint, then crests. Excluge explanatons fram joum en entries ) Nov. 4: Purchabed merchandise imventoy on acoourt from Vera Company, 312,000. Temm 11t0, nECM, FOO vieping point Wurs is paid traiaht bill of 5140 on November 4 puechase. Now. 6. Retumed halt of the imventory purchased on November 4 from Vera Company Noy, 10. Sold merchandse inwentory for cash, 51,100. Cost of goods, \$440. FOS destnasion: Beoin ty preporing the netry to fourhaluze the sole portion of the transaction. (Go hot record the ecpense relatod io the sale We wit ds that in Fat habowing ibep) Now joumalize the exponse relaked bo the Nevember 10 sple-Cost of goods; $440. Now journalize the experse reiated to the November 11 saie-Cost of goods, 56,000 . Nov, 12. Paid freight bil of $70 on November 10 sale. Nov 13. Sold merchandise inventory to Cador Company, $18,000 on account, terms of 1/10, n/45 Cost of goods, $5,400. FOB stipping point. Begin by preparing the entry to joumalize the sale portion of the transaction. (Do not record the expense related to the sale. We will do that in the following stop) Now journalize the expense related to the Novernter 13 sal0-Cost of goods, 55,400 . Nov. 14: Paid the amount owed on account from Navember 4 , less retum and escount. Nov, 18: Purchased inventory of $3,600 on account from Roberts Corporation. Payment term Nov. 20. Received easy from Ceary Corporation, less discount Nov. 20: Recelved cash from Geary Corporation, less discount. Nov. 26: Paid amount owed on acoeunt from November 18, less discoun Nine og Daraiund each from Cador Compary. Nov.28: Receved cash trem Cador Company: Nev, 20: Purthased irventory trom Suarez Corporation for cash, $11,400, FoE shipping point Froight in pais to shipphy compary, 5210 . Start by peeparing the entry to record the purchase of imenery (Do not recoed the freight Wo wat do that in ene following aiep? Now tecord the freight paid bo sNpeng cunpary, 5210