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Journalize the following transactions for Acme Corporation:

November 1 Acme Corporation sold $129,600 of merchandise on account to W.E. Coyote Co. with credit terms of 2/10, n/30, FOB Shipping Point. Cost of merchandise sold was $68,500.

November 4 Acme Corporation paid $130 shipping charges to benefit W.E. Coyote Co., charges were added to the bill.

November 7 W.E. Coyote Co. returns $15,300 of damaged merchandise. The cost of merchandise returned was $11,800.

November 9 W.E. Coyote Co. paid the amount owed, less return and discount.

Journal
DateDescriptionDebitCredit
November 1
November 1
November 1
November 1
November 4
November 4
November 7
November 7
November 7
November 7
November 9
November 9
November 9