$3$ parts to this question

Prepare journal entrles to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method.

November $5$ Purchased $500$ units of product at a cost of $$12$ per unit. Terms of the sale are $\frac{5}{10},\frac{n}{60}$; the invoice is dated November $5$

November $7$ Returned $40$ defective units from the November $5$ purchase and received full credit.

November $15$ Paid the amount due from the November $5$ purchase, minus the return on November $7.$

Journal entry worksheet

Purchased $500$ units of product at a cost of $$12$ per unit. Terms of the sale are $\frac{5}{10},\frac{n}{60}$; the invoice is dated November $5.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$November$],[05]],,,],[,,,],[,,,],[,,,],[,,,]]$

Prepare journal entrles to record each of the following transactions of a merchandising company. The company uses a perpetual Inventory system and the gross method.

November $5$ Purchased $500$ units of product at a cost of $$12$ per unit. Terms of the sale are $\frac{5}{10},\frac{n}{60}$; the invoice is dated November $5.$

November $7$ Returned $40$ defective units from the November $5$ purchase and received full credit.

November $15$ Paid the amount due from the November $5$ purchase, minus the return on November $7.$

Journal entry worksheet

Returned $40$ defective units from the November $5$ purchase and received full credit.

Note: Enter deblts before crealts.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$November$],[07]],,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

$T$

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

$6\mathrm{.}88$

November $5$ Purchased $500$ units of product at a cost of $$12$ per unit. Terms of the sale are $\frac{5}{10},\frac{n}{60}$; the invoice is dated

November $7$ Nevember $5,$ defective units from the November $5$ purchase and received full credit,

Sklpped

November $15$ Paid the amount due from the November $5$ purchase, minus the return on November $7.$

Journal entry worksheet

Paid the amount due from the November $5$ purchase, minus the return on November $7$

Note: Enter debits before crealts.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$November$],[15]]],[,,,],[,,,],[,,,],[,,,],[,,,]]$