$24$ Sold merchandise on account to Rabel Co$.,$ $$54,800,$ terms $\frac{n}{30}.$ 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:

Journalize the November transactions.

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. Chart of Accounts

General Journal

Journalize the November transactions.

General Journal Instructions

PAGE $10$ Chart of Accounts

General Journalunredeemed coupons.

General Journal InstructionsInstructions

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 Co$.,$ list price $$89,000,$ trade discount $30\%,$ terms

FOB destination, $\frac{2}{10},\frac{n}{30}.$

$4$ 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,

$\frac{2}{10},\frac{n}{30},$ 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 $\frac{n}{15}.$ 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 $\frac{n}{30}.$ The cost of the goods sold was