Answer:
Nov 3
Inventory 64,000
Account Payable 64,000
Nov 4
Cash 40,080
Sales Revenue 40,080
COGS 24,580.5
Inventory 24,580.5
Nov 5
Inventory 51,620
Account Payable 51,620
Nov 6
Account Payable 13,600
Inventory 13,600
Nov 8
Account Receivable 14,830
Sales Revenue 14,830
COGS 9,240.13
Inventory 9,240.13
Nov 14
Account Payable 50,400 (64,000-13,600)
Inventory 1,008 (50,400 x 2%)
Cash 49,392(50,400-1,008)
Nov 14
Account Receivable 231,020
Sales Revenue 231,020
COGS 135,490.15
Inventory 135,490.15
nov 23
cash 14,830
account receivable 14,830
Account Payable 51,620
Inventory 1,016 (50,800 x 2%)
Cash 49,784(51,620-1,016)
nov 24
Account Receivable 53,800
Sales Revenue 53,800
COGS 37,340.28
Inventory 37,340.28
nov 28
credit card charge expense 3,690.3
cash 3,690.3
nov 28
sales return and allowance 5,610
cash 5,610
Inventory 2,990
COGS 2,990
