1. Joumalize the November transactions. General Joumal Instructions All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedba 2. Assume that as of December 31,10,100 of the $20f coupons issued during November had been redeemed by customers. unredeemed coupons. General Journal Instructions Question not attempted. The following were selected from among the transactions completed by Babcock Company during November of the current year: Nov: 3 Purchased merchandise on account from Moonlight C0., list price $89,000, trade discount 30%, terms FOB destination, 2/10,n/30. 4 Sold merchandise for cash, $38,210. The cost of the goods sold was $20,810. 5 Purchased merchandise on account from Papoose Creek Co., \$51,550, terms FOB shipping point, 2/10,n/30, with prepaid freight of $730 added to the invoice. 6. Returned merchandise with an invoice amount of $14,000($20,000 list price less trade discount of 30% ) purchased on November 3 from Moonlight Co. 8 Sold merchandise on account to Quinn Co., $15,010 with terms n/15. The cost of the goods sold was $10,190. 13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6. 14 Sold merchandise with a list price of $231,570 to customers who used VISA and who redeemed $7,300 of pointof- sale coupons. The cost of the goods sold was $142,060. 15 Paid Papoose Creek Co. on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Quinn Co. 24 Sold merchandise on account to Rabel Co., $54,800, terms n/30. The cost of the goods sold was $33,850. 28 Paid VISA service fee of $3,580. 30 Paid Quinn Co. a cash refund of $6,420 for returned merchandise from sale of November 8 . The cost of the returned merchandise was $3,140. 30 During November, printed a coupon with each customer's sales receipt for $2 off the customer's next purchase of over $15. The coupons may be redeemed during December. Of the total of 25,000 coupons printed, it is estimated that 55% will be redeemed. Required: 1. Journalize the November transactions. 2. Assume that as of December 31, 10,100 of the \$2-off coupons issued during November had been redeemed by customers. Journalize the entry for the remaining unredeemed coupons