02 Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method. Nov. 5 Purchased 1,150 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated Noventer 5. Nov. 7 Returned 30 defective units from the November 5 purchase and received full credit. Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7. View transaction list Journal entry worksheet < 1 2 3 Purchased 1,150 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November 5. Note: Enter debits before credits Journal entry worksheet < 1 2 3 Purchased 1,150 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November 5. Note: Enter debits before credits Date Nov 05 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Returned 30 defective units from the November S purchase and received full credit. Note: Enter debits before credits Date Nov 07 General Journal Debit Credit View general journal Record entry Clear entry 28 Journal entry worksheet < 1 2 3 Paid the amount due from the November 5 purchase, minus the return on November 7. Note: Enter debits before credits Date Nov 15 General Journal Debit Credit View general journal Record entry Clear entry