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5ales- Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Harrison Company during November of the

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5ales- Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the transactions completed by Harrison Company during November of the current year: Nov. 3. Purchased merchandise on account from Moonlight Co., list price $83,000, trade discount 30%, terms FOB destination, 2/10, r/30. 4. Sold merchandise for cash, $36,770. The cost of the merchandise sold was $22,360. 5. Purchased merchandise on account from Papoose Creek C0., $46,600, terms FOE shipping point, 2/10, n30, with prepaid freight of $860 added to the imvo 6. Returned $14,000 ( $20,000 list price less trade discount of 30$ ) of merchandise purchased an November 3 from Moonlight Co. 8. Sold merchandise on account to Quinn Co., $14,270 with terms n/15. The cost of the merchandise sold was $9,260, 13. Paid Moonlight Co. on account for purchase of November 3, less return of November 6 . 14. Sold merchandise on VISA, $233,680. The cost of the merchandise sold was $136,140. 15. Paid Papoose Creek Co, on account for purchase of November 5 . 23. Recelved cash on account from sale of November 8 to Quinn Co. 24. Sold merchandise on account to Rabel Co, $56,800, terms 1/10, n/30. The cost of the merchandise sold was $36,840. 28. Paid VISA service fee of $3,620. 30. Paid Quinn Co, a cash refund of $1,440 for damaged merchandise from sale of November 8 , Quinn Co. kept the merchandise. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank. Nov. 4-sale SalesCash Nov. 4-cost MerchandiseInventoryCostofMerchandiseSold Nov.5AccountsPayable-PapooseCreekCo.Nov.6MerchandiseInventoryAccountsPayable-MoonlightCo.MerchandiseInventory Nov, 8-sale SalesAccountsReceivable-QuinnCO. Nov. 8-cost MerchandiseinventoryCostofMerchandise.Sold Nov, 13CashAccountsPayable-MoonlightCo. Nov, 14-sale Cash Nov, 14-sale SalcsCash Nov. 14-cost cost of Merchandise Sold Merchandise Inventory Nov, 15 Accounts Payable-Papoose Creek Co. Nov. 23AccountsReceivable-QuinCoCash Nov. 24-5ale Accounts Re Nov. 24-cost Cost of Merchandise 5oid Nov. 28 Credit Cand Nov. 30 Customer Ri

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