E4-19A (book/static) Question Help uming the net method is used Bridge Audi's cost of inventory is 55 percent of the sale price Joumalce the following transactions for Bridgeport Audio, Inc, that occurred during the month of November a (Record debilirst, then credits. Exclude explanations from any ouma entries.) Click the con lo view the transactions) Nov 3. Sold 52.400 of merchandise on account forms/15, 145, FOB shipping pon Bridgeport Audio, in, prepaid 500 of shipping costs and add the amount to the customer's invoice Begin by recording the sale portion of the entry (Do not yet record the cost related to the sale. We will do this in the next cumalanty Prepare a compound entry accounting for the sales revenue as well as the cash paid for shipping) Journal Entry Date Choose from any list or enter any number in the input fields and then click Check Answer Chapter 4 6 of 9 (0 complete) i More Info X gep Nov d the 3 Sold $2,400 of merchandise on account, terms 4/15, n/45, FOB shipping point. Bridgeport Audio, Inc., prepaid $90 of shipping costs and added the amount to the customer's invoice. 7 Issued a credit memo to the customer acknowledging the return of $400 (sales price) of unwanted goods. 16 Received payment in full from the customer for the November 3 invoice pour Print Done