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On November 4, 2018, Crop Company sold marchandise inventory on account to Tram Wholesalers, $14,000, that cost S5,300. Temrms 3/10, n/30. On November 5, 2018, Tram Wholesalers paid shipping of $65. Tram Wholesalers paid the balanoe to Crop Company on November 13, 2018. (Assume both companies use a perpetual inventory system and that sales are recorded at the net amount.) Read the requirements last line of the joumal entry table.) Requirement 1. Joumalize Tram Wholesaler's November transsactions. (Record debits first, then credits. Select the explanation n t Purchased merchandise inventory on account from Crop Company r $14,00D, terms 3/10, n/3p. Nov. Date Accounts Debit Credit Nov. 4 Nov. Paid shipping of $65 Accounts Credit Date Debit Nov. 5 Nov. 13: Paid the balance to Crop Company. Accounts Date Debit Credit Nov. 13 the net amount.) Requirement Journalize Crop Company's November transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Assume sales are recorded Nov. 4: Sold merchandise inventory on account to Tram Wholesalers, $14,000, that cost $5,300. Terms 3/10, n/30. Begin by preparing the entry to jounalize the sale portion of the transaction. Do not record the expense related to the sale. We will o that the following step. Debit Date Accounts Credit Nov. 4 goods, $5,30o. Now journalize the expense related to the November 4 sale-Cost Date Accounts Debit Credit Nov. 4 Nov. 13: Tram Wholesalers paid the balance to Crop Company: Date Accounts Debit Credit Nov. 13

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