Question: Prepare the journals in the following boxes. Write only proper account names in the text inputs (account to be debited/credited) and only values without any

Prepare the journals in the following boxes. Write only proper account names in the text inputs (account to be debited/credited) and only values without any signs in the numerical input (amount) boxes.

Journals

On November 1, Robinhood Footwear Limited started Footwear Business. The company uses a periodic inventory system. During November, the following transactions and events occurred. (If your answer comes in decimal, round it up to the nearest integer value)

Instructions: Journalize the transactions in the following table for the month of November for Robinhood Footwear Limited using a periodic inventory system. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 5 Purchased merchandise for cash $1100 from Topford Co. The buyer also made a cash payment of $330 for the freight on this date.

Account to be debited is (higher of the two amount) ________?

Amount is $ ________

Account to be debited is (lower of the two amount) _________?

Amount is $ ________

Account to be credited is __________?

Amount is $ ________

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 10 Received refund for poor quality merchandise from supplier on cash purchase $280.

Account to be debited is _________?

Amount is $ ________

Account to be credited is _________

Amount is $ ________

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

November 14 Sold merchandise on account $4600, terms 1/10, n/30. The cost of the merchandise sold was 3300.

Account to be debited is ________

Amount is $ ________

Account to be credited is __________

Amount is $ ________

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