Question: need help with my assignment Requirement 1. Journalize the transactions on the books of Bestbuy Tire, Inc. assuming the net method is used. (Record debits


Requirement 1. Journalize the transactions on the books of Bestbuy Tire, Inc. assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries.) Nov 4: Purchased $5,900 of merchandise on account from Brown's Tire. Terms, 1/15, n/45, FOB shipping point. Brown's Tire prepaid the $100 shipping cost and added the amount to the invoice. More info 50 (cost, $225 ) of me he supplies purchaser wn's Tire the amount c eturned $200 (cost, \$ d $4,500 of inventory. Paid cash
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